Zomato shares up 1.03% as Nifty drops
Zomato Ltd. traded 1.03 per cent up in Wednesday's trade at 10:05AM (IST). Around 460,186 shares changed hands on the counter.
The stock opened at Rs 84.31 and touched an intraday high and low of Rs 85.9 and Rs 83.58, respectively, in the session so far. Shares of the company of Zomato Ltd. quoted a 52-week high of Rs 85.9 and a 52-week low of Rs 40.55.
As per BSE, the total market cap of the Zomato Ltd. stood at Rs 73297.0 crore at the time of writing this report.Key Financials The company reported consolidated sales of Rs 2226.5 crore for the quarter ended 31-Mar-2023, up 4.94 per cent from previous quarter's Rs 2121.6 crore and up 64.93 per cent from the year-ago quarter's Rs 1350.0 crore. The net loss for latest quarter stood at Rs 188.2 crore, down 47.68 per cent from the same quarter a year ago.Shareholding pattern As of 31-Dec-2022, domestic institutional investors held 8.3 per cent stake in the company, while foreign institutional investors held 54.42 per cent and the promoters 0.0 per cent.Valuation ratio According to BSE data, the stock traded at a P/E multiple of -75.46 and a price-to-book ratio of 2.19.
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 is the measure of the price that investors are ready to pay even for no growth in the business. Zomato Ltd.
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