Bank Manager Short analysis of zomato share price Last 1 Year.

Bank Manager Short analysis Data of zomato share price Last 1 Year Data. 

Zomato Share Price: A Deep Dive with Analytics

Zomato, the Indian online food ordering and delivery giant, has captured a significant portion of the country's burgeoning food tech market. But how has its stock price performed? Let's delve into the details, including current price, historical performance, and future outlook.

Current Price (as of June 7, 2024, 3:48 IST):

• ₹183.10
• Down 0.30% from the opening price of ₹182.50

Recent Performance:

• 1 Day: Down 0.30%
• 1 Month: Down 6.41%
• 3 Months: Up 11.31%
• 6 Months: Up 58.12%
• 1 Year: Up 159.09%

Analysis of Zomato's Share Price:

• Short Term: Zomato's share price has seen some volatility recently, with a slight dip today. However, it's important to consider this in the context of the broader market.
• Long Term: Looking at the bigger picture, Zomato's stock has exhibited impressive growth over the past year, surging over 150%. This reflects the company's potential in the fast-growing online food delivery sector.

Factors Affecting Zomato's Share Price:

• Company Performance: Zomato's financial health, user base, and revenue growth significantly impact its stock price.
• Industry Trends: The overall performance of the food tech industry and investor sentiment towards it play a crucial role.
• Competition: Competition from Swiggy, Uber Eats, and other players can influence Zomato's share price.
• Macroeconomic Factors: Economic conditions, interest rates, and government regulations can affect the broader market, impacting Zomato's stock price.

Analyst Opinions on Zomato's Share Price:

Analyst opinions on Zomato's share price vary. Some believe the stock is still undervalued due to its high growth potential. Others express caution due to the company's negative return on equity and high valuation.

Future Outlook of Zomato Share Price :

Predicting the future of any stock is inherently difficult. However, Zomato's position in a rapidly growing market, coupled with its ongoing expansion efforts, suggests potential for continued growth. However, factors like intense competition and the overall market sentiment can play a role.

Important Considerations:

• This Conclusion is for informational purposes only and should not be considered it is a investment advice.
• Thorough research, including consulting with a financial advisor, is essential before making any investment decisions.

Additional Resources of This analysis :

• You can track Zomato's live share price and access detailed charts on various financial websites like NSE India, Groww, and Moneycontrol.
• To gain a deeper understanding of Zomato's financials and future prospects, you can refer to the company's annual reports and analyst research reports.

By carefully considering the factors mentioned above and conducting your own research, you can make informed decisions regarding Zomato's share price and its suitability for your investment portfolio.

Live Connected with Bankmanager