{"id":62798,"date":"2022-09-11T11:54:00","date_gmt":"2022-09-11T06:24:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=62798"},"modified":"2022-09-11T11:52:12","modified_gmt":"2022-09-11T06:22:12","slug":"brokerages-see-more-upside-than-45-upside-in-this-stock-are-you-holding-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/brokerages-see-more-upside-than-45-upside-in-this-stock-are-you-holding-it\/","title":{"rendered":"Brokerages see more than 45% upside in this stock; Are you holding it?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-260374593\"><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 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 yearly basis, the stock has declined by 55 per cent.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2810519582\"><!-- 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><strong>Despite this the Global brokerage Credit Suisse maintained an outperform rating on Zomato with a target price of Rs 90 which represents an upside of 46 per cent from the current levels.\u00a0<\/strong><\/p><p>&#8220;Current estimates could drive a valuation shift to EV\/EBITDA. Zomato already has a positive model in the top 120 cities,&#8221; Credit Suisse said.&nbsp;<\/p><p>On the concerns of Zomato\u2019s presence only in metro cities, Credit Suisse expects to see profitable growth in smaller cities. Zomato already has a positive model in the Top 120 cities (nearly 70% of orders).\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-3543338679\"><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>In future growth, the brokerage sees significant potential for high-frequency users (5% of users) and mid-frequency users (26% of users) to increase further. It expects these users to grow to 10% from the current 5%, while mid-frequency users are expected to expand to 35% from the current base of 26% by FY27.\u00a0<\/p><p>In Q1FY23, 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 from Rs 360.7 crore in the year-ago period. This quarter the company was able to make its food delivery business hit break-even at the EBITDA level.&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><strong>Written by Anoushka Roy<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><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-content-10\" id=\"trade-1229546510\"><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><div class=\"trade-after-content\" id=\"trade-1690162388\"><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 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 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28544,"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":[31,1789],"tags":[935,462,963,4443,2493,463],"class_list":["post-62798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-zomato-news","tag-zomato-share-price","tag-zomato-share-price-in-future","tag-zomato-share-price-target","tag-zomato-shares","tag-zomato-stock"],"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>Brokerages see more than 45% upside in this stock; Are you holding it? - 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\/brokerages-see-more-upside-than-45-upside-in-this-stock-are-you-holding-it\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brokerages see more than 45% upside in this stock; Are you holding it?\" \/>\n<meta property=\"og:description\" content=\"The shares of Zomato Limited were trading 2.2 per cent higher till the afternoon on Friday at Rs 62.75 levels. 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