Zomato Share Price: फूड डिलिवरी और क्विक कॉमर्स कंपनी जोमैटो (Zomato ) का स्टॉक निवेशकों को 40 फीसदी का रिटर्न दे सकता है. ग्लोबल ब्रोकरेज हाउस जेपी मॉर्गन (JP Morgan ) ने स्टॉक के टागरेट प्राइस को 208 रुपये से बढ़ाकर 340 रुपये कर दिया है.
#zomato #zomatoshare #zomatoshareprice #JPMorgan
#zomatostock #businessnews #businessnewstoday #sharemarkettoday #blinkit #zepto #zomatosharereturn #zomatosharetargetprice
#zomato #zomatoshare #zomatoshareprice #JPMorgan
#zomatostock #businessnews #businessnewstoday #sharemarkettoday #blinkit #zepto #zomatosharereturn #zomatosharetargetprice
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NewsTranscript
00:00Since the growth in Zomato's revenue, Zomato's share has been in the news.
00:10Food service provider company Zomato's share is showing fast these days.
00:14On Thursday, Zomato's share rose by 8% to reach around Rs. 272.
00:19However, after this, profit was seen in the share and after that it was trading at Rs. 255.40.
00:27Zomato's share has given a return of more than 160% in the last year.
00:31Now foreign firms have released good news about Zomato.
00:35So if you have Zomato's share or you are planning to buy it, then do watch this video.
00:40Actually, food delivery and quick commerce company Zomato can give a 40% return to stock investors.
00:47Global brokerage house JP Morgan has increased the target price of the stock from Rs. 208 to Rs. 340.
00:54Due to this report of the brokerage house, Zomato's stock closed at Rs. 254.85 on Thursday, September 5, 2024.
01:06Experts have increased the target price of the share due to its quick commerce business taking a positive turn on the blanket.
01:14Keeping Zomato in the category of overweight, JP Morgan has increased the target price of the stock to Rs. 340 by December 2025.
01:23The brokerage house gave credit to the continuous expansion of Blinkit for its bullish direction on the stock.
01:29After Delhi NCR, all the metros are proving to be very successful in cities.
01:34In its report, the brokerage house said that it will help in increasing the margin due to Blinkit.
01:39Along with this, the ad revenue will also increase.
01:42According to JP Morgan, Blinkit is in a position to make big changes in both modern trade and e-commerce.
01:48In fact, not only JP Morgan, but also another foreign brokerage house, CLSA, is also very bullish on Zomato's stock.
01:55CLSA has set the target price of the stock to Rs. 353.
01:59On the other hand, Bernstein has outperformed Zomato with a target of Rs. 275.
02:05Now JP Morgan has increased the forecast for financial year 2025-2027 by 15% to 41%.
02:11Due to the expansion of Zomato Blinkit and its increasing market share, it is included in the top consumer pick of CLSA.
02:16The brokerage house hopes that Blinkit will come in profit in financial year 2024-2025.
02:21Zomato's stock has proven to be a multi-bagger stock for its shareholders.
02:25In the year 2024, in the last 8 months, the stock has given a return of 106%.
02:30In 3 years, the share gave a return of 160% and in 2 years, a return of 327%.
02:36In July 2022, after the share fell to Rs. 40.60, the stock has seen a sharp rise.
02:45After the results of the first quarter of 2024-25, the stock made a high of Rs. 280.90.
02:51Apart from this, Equities Securities has said in a note that the competition has increased due to the arrival of Flipkart and Big Basket.
02:57Strong companies like Zomato and Zepto are ready to double the number of their stores next year.
03:03As companies join stores in overlapping Jio, the price competition and loss can also increase in the next 12 months.
03:11That's all for this video. What are your thoughts on Zomato's share? Do comment and let us know.
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