Zomato Q2: JM Financial said Zomato's revenue growth could be higher than its gross order value or (GOV) growth at 19.1 per cent amid an improvement in take-rates.
Internet stocks are recovering in 2023 after a weak investor response to their initial public offerings. This comes on the back of an improvement in their profitability in the recent quarters.
Indian equity benchmarks were trading lower today. The 30-share BSE Sensex fell 342 points to 66,085 and Nifty lost 79 pts to 19,732. Here s a look at stocks that are buzzing in action today.
Given the outlook of a sharp profitability improvement in all three businesses of Zomato, ICICI Securities believes that valuations for the Zomato stock are now pretty sensible.
ICICI Securities revised its target upwards from the previous target of Rs 120 relying on the company s potential to report sharp improvement in profitability in all three businesses of Zomato viz. food delivery, quick commerce and hypercure.