Buy Zomato, target price Rs 325: Axis Securities

economictimes.indiatimes.com:

Zomato Ltd. with a target price of Rs 325. The current market price of Zomato Ltd. is Rs 283.9.

Zomato Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 250598.11 Crore) operating in Services sector.

Zomato Ltd. key Products/Revenue Segments include Service Revenue, Royalty Income, Traded Goods for the year ending 31-Mar-2024.

Financials For the quarter ended 30-06-2024, the company has reported a Consolidated Total Income of Rs 4442.00 Crore, up 16.99 % from last quarter Total Income of Rs 3797.00 Crore and up 71.04 % from last year same quarter Total Income of Rs 2597.00 Crore. Company has reported net profit after tax of Rs 253.00 Crore in latest quarter.

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Promoter/FII Holdings Promoters held 0 per cent stake in the company as of 30-Jun-2024, while FIIs owned 54.11 per cent, DIIs 15.77 per cent.