The food delivery and quick grocery business in India has seen tremendous growth in recent years, driven by changing consumer habits, urbanization, and a growing preference for convenience. Companies like Swiggy and Zomato dominate the food delivery landscape, offering a vast range of cuisines from local restaurants and chains, with fast delivery times and user-friendly [...]
The food delivery and quick commerce industry is poised for significant growth, with the online food delivery market projected to reach $579.15 billion by 2034, growing at a CAGR of 13.20 percent from 2025 to 2034. Factors driving this expansion include increasing smartphone adoption, urbanization, and changing consumer lifestyles while favouring convenience. In regions like [...]
The food delivery and quick grocery business in India has seen tremendous growth in recent years, driven by changing consumer habits, urbanization, and a growing preference for convenience. Companies like Swiggy and Zomato dominate the food delivery landscape, offering a vast range of cuisines from local restaurants and chains, with fast delivery times and user-friendly [...]
The shares of one of the leading online food delivery platform providers gained nearly 5% this week after several brokerages reiterated their bullish view on the company, followed by Elara Securities target with a 41 percent upside. On Friday, Zomato Ltd shares were trading at ₹198, up 0.84 percent from the previous close on the [...]
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The Indian markets climbed higher for the fifth session in a row. The benchmark indices started the week by scaling to highs for the first time in thirteen months. In addition, the Nifty bank index also clocked its highest-ever close. The markets continued to move northwards and reached a record high on Thursday. The Sensex [...]
The shares of Zomato Limited were trading 2.2 per cent higher till the afternoon on Friday at Rs 62.75 levels. In the past month, the stock has been volatile and gained more than 12 per cent. In the past six months, the stock has shed more than 21 per cent of its value. On a [...]
The shares of food aggregator Zomato Limited have been on an uptrend after hitting their 52- week low of ₹ 40.60 in July this year. Its share price plummeted as market participants expected a huge sell-off after the expiry of the one-year lock-in period for its promoters and early investors. Zomato’s shares have risen from [...]
The shares of Zomato rallied by more than 17% in the early trading session on Tuesday and were trading at Rs 54 levels. In the last five days, the stock has added more than 28%. Despite the rally, the stock is still down by 61% YTD. The rally comes after Zomato published its quarter one [...]
Foodservice platform, Zomato Ltd’s share price reached a record low of ₹ 40.60 last week. The shares have been on a downtrend since the company acquired Blinkit. Experts believe that this acquisition will delay the profitability of the company. The shares are currently trading at ₹ 46.50. Three brokerages see huge upside potential in the [...]
