zomato shares

October 2024

Why brokerages are bullish on Zomato post Q2

Zomato continues to remain one of the preferred stocks among new age companies, say brokerages.

By Chitranjan Kumar

August 2024

Zomato shares slide 2% amid block deal; Antfin Singapore likely seller

As many as 20.14 crore shares, representing around 2.2% stake in the restaurant aggregator, were sold in the block deal at a floor price of ₹258 apiece.

By Chitranjan Kumar

February 2024

From ₹49 to ₹151: Zomato shares gain 200% in 11 months on turnaround in earnings

Zomato posted profit for the third consecutive quarter in Q3 FY24, driven by topline growth and rise in GOV across its businesses.

By Chitranjan Kumar

November 2023

Zomato shares jump 4% amid block deal buzz; Alipay Singapore Holding likely seller

Alipay Singapore Holding, an arm of Chinese e-commerce giant Alibaba’s affiliate Ant Group, is looking to sell its entire 3.44% stake in Zomato at a floor price of ₹111.28 apiece.

By Chitranjan Kumar

Zomato shares hit fresh 52-week high on strong Q2; zoom 170% in 9 months

Zomato reported a consolidated net profit of ₹36 crore in Q2FY24, compared with profit of ₹2 crore in June quarter of FY24 and a loss of ₹251 crore in Q2FY23.

By Chitranjan Kumar

October 2023

Zomato shares jump 2% amid buzz over stake sale by SoftBank

Softbank through its entity SVF Growth (Singapore) Pte looks to sell around 1.1% stake worth ₹1,000 crore in Zomato via the block deal route.

By Chitranjan Kumar

August 2023

Tiger Global exits Zomato by selling stake worth ₹1,124 cr; stock rises

Tiger Global, through its investment vehicle Internet Fund IV, sells 12.34 crore shares, or 1.44% stake in Zomato, at an average price of ₹91.01 per share.

By Chitranjan Kumar