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Zomato Stock Price: Latest News, Analysis and Forecasts

 

Zomato Stock Price: Latest News, Analysis and Forecasts

Zomato Stock Price: Latest News, Analysis, and Forecasts

Zomato is a global online and mobile food ordering and restaurant discovery service. The company provides an app that allows users to browse restaurant menus, place orders, and make reservations. It operates in 20 countries with over 120,000 active restaurants in its directory catering to over 90 million diners monthly. Our stock price information is updated regularly for all our registered users. The Zomato Stock Price is up 4.84% at the time of writing this article. This is great news for anyone who owns shares in the company or intends to buy them soon.


What Is Zomato?

Zomato was founded in 2008 by Deepinder Goyal and Pankaj Chaddah. The company is based out of Gurugram, India. Zomato was established with a vision of connecting people to food. Zomato is active in 20 countries, though the majority of its operations are concentrated in India. 

The company works on the Android, iOS, and Windows Phone operating systems. Click to enlarge Zomato continues to grow rapidly in both numbers of restaurants and revenue. In its last quarter ended June 30, 2016, Zomato generated revenue of INR 1,332 million. That is a 21% increase from INR 1,073 million in the previous quarter. This is also an increase of 41% from INR 857 million in the same period last year.


Zomato Stock Price

The Zomato stock price, at the time of writing, is 1,023.40, Rs 3,054.40 on the Bombay Stock Exchange. According to the technical analyst, since Zomato has nearly 4 times its 52-week average volume traded, it would be a good entry point for new investors and may hold well going ahead. This is the right time to buy shares of Zomato since they have strong fundamentals and are cheap on a relative basis. 

With our conservative valuation analysis and using a price-to-sales ratio of 0.06, we arrive at a target price of Rs 5,589 (14.5x P/E). On Zomato’s FY2017 sales of Rs 382 crore and a trailing P/E of 3.1x, the price target is fair. With a target price of Rs 4,700, Zomato shares may hold good potential upside up to Rs 6,200 by the next fiscal year.


Daily Up-To-Date Information On the Company's Stock Prices

Zomato publishes an active blog that offers key news, insights, and information pertaining to the company's stock prices. Some recent news highlights on its news blog include: The court ordered Haryana police to stop targeting suspected food poisoning and robbery victims. The police also apologized for making false accusations against the victims. 

The police have issued a notice to the Delhi Police. The police in Delhi had made false complaints against the victims of food poisoning. The court also directed the police to compensate the victims of wrongful arrests. In one case, the Delhi police made false claims against a Mumbai man and arrested him. The man was arrested in a case of burglary.

 

Conclusion

Overall, Zomato is making great progress with its business strategy and has made a great start to the financial year 2017-2018. Our company’s stock price outlook for Zomato is positive. Therefore, Zomato can be one of your high-growth stocks for 2017. 

We believe Zomato is uniquely positioned to ride the multi-billion online food ordering and delivery industry. The company currently operates in the fastest-growing internet and technology sector. Zomato’s stock price has seen a huge rise in the past year. 

We believe that the company can continue its run further in 2017 as it’s very well positioned to grow in this highly fragmented and under-penetrated market. Therefore, you can look forward to making large-scale profits from this stock in 2017. Disclosure: We are long ZOM.

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