Zomato shares rise 2.54% as Nifty gains
Zomato Ltd. traded 2.54 per cent up at Rs 193.5 on Wednesday at around 09:59AM (IST), while the benchmark BSE Sensex advanced 159.09 points to 77460.23.
As many as 2,329,585 shares changed hands on the counter with a total value of Rs 44.94 crore.
The stock quoted a 52-week high price of Rs 207.3 and a 52-week low of Rs 72.55.
On the technical charts, the 200-DMA of the stock stood at Rs 144.07, while 50-DMA was at Rs 188.36. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
Shares of the company have advanced 149.45 per cent in the past one year, while Sensex has risen 23.68 per cent during the same period.
According to BSE data, the stock trades at a price-to-earnings multiple of 477.42 and a price-to-book ratio of 7.75. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Online Service/Marketplace industry.
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