{"id":56606,"date":"2022-08-02T13:25:00","date_gmt":"2022-08-02T07:55:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=56606"},"modified":"2022-08-02T13:20:30","modified_gmt":"2022-08-02T07:50:30","slug":"zomato-jumps-more-than-17-after-q1-results-check-the-latest-stock-targets","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/zomato-jumps-more-than-17-after-q1-results-check-the-latest-stock-targets\/","title":{"rendered":"Zomato jumps more than 17% after Q1 results; Check the latest stock targets"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3538714751\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>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.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1021635536\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The rally comes after Zomato published its quarter one result for FY22. The company&#8217;s total income rose to Rs 1,582 crore this quarter against Rs 916.6 crores which it earned in the corresponding period of last year.&nbsp;<\/p><p>Zomato was able to narrow down its losses to Rs 186 crores in Q1FY22 from Rs 360.7 crore in the year-ago period.&nbsp;<\/p><p>This quarter the company was able to make its food delivery business hit break-even at the EBITDA level.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-253258895\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Zomato\u2019s average monthly transacting customers increased to 16.7 million, and the average monthly active restaurant partners stood at 208,000.&nbsp;<\/p><p>Zomato is an Indian multinational restaurant aggregator and food delivery company. It also offers information, menus, and user reviews of restaurants as well as food delivery options from partner restaurants in select cities.&nbsp;<\/p><p>Here is what brokerages have to say about stock and the company post its June quarter earnings:&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong>Goldman Sachs&nbsp;<\/strong><\/h4><p>The foreign brokerage firm has maintained a buy rating on the stock with a target at Rs 100 per share which represents an upside of 85% from the current levels.&nbsp;<\/p><p>\u201cThe food delivery segment is narrowing losses and acquired firm Blinkit is scaling up at a robust pace,\u201d said the brokerage.&nbsp;<\/p><h4 class=\"wp-block-heading\" id=\"h-ubs\"><strong>UBS&nbsp;<\/strong><\/h4><p>The research firm has kept a buy call on the stock with a target price of Rs 95 per share which represents an upside of 76% from the current levels.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-3371044065\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>UBS believes growth drivers continue to remain strong and losses continue to reduce on a sequential basis.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by &#8211; Anoushka Roy<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1474197769\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>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.&nbsp; The rally comes after Zomato published its quarter one [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24104,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513,31],"tags":[966,935,289,462,963,4443,2493,962],"class_list":["post-56606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-what-is-the-target-of-zomato-share-price","tag-zomato-news","tag-zomato-revenue","tag-zomato-share-price","tag-zomato-share-price-in-future","tag-zomato-share-price-target","tag-zomato-shares","tag-zomato-stock-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Zomato jumps more than 17% after Q1 results; Check the latest stock targets - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/zomato-jumps-more-than-17-after-q1-results-check-the-latest-stock-targets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zomato jumps more than 17% after Q1 results; Check the latest stock targets\" \/>\n<meta property=\"og:description\" content=\"The shares of Zomato rallied by more than 17% in the early trading session on Tuesday and were trading at Rs 54 levels. 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