Buy Zomato, target price Rs 135: Motilal Oswal

Zomato Ltd. key Products/Revenue Segments include Service Revenue, Other Operating Revenue and Royalty Income for the year ending 31-Mar-2022.

By ETMarkets.com | Updated: Nov 06, 2023, 11.07 AM IST

Promoters held 0 per cent stake in the company as of 31-Dec-2022, while FIIs owned 56.74 per cent, DIIs 7.36 per cent.

Motilal Oswal has buy call on Zomato Ltd. with a target price of Rs 135. The current market price of Zomato Ltd. is Rs 119.6.
Zomato Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 101894.04 Crore) operating in Services sector.

Zomato Ltd. key Products/Revenue Segments include Service Revenue, Other Operating Revenue and Royalty Income for the year ending 31-Mar-2022.

Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 3060.00 Crore, up 17.83 % from last quarter Total Income of Rs 2597.00 Crore and up 67.14 % from last year same quarter Total Income of Rs 1830.80 Crore. Company reported net profit after tax of Rs 36.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 31-Dec-2022, while FIIs owned 56.74 per cent, DIIs 7.36 per cent.

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