Buy Zomato, target price Rs 320: Motilal Oswal Financial Services

Motilal Oswal Financial Services has buy call on Zomato with a target price of Rs 320. The current market price of Zomato is Rs 273.3. Zomato, incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 240579.48 Crore) operating in Services sector.

Zomato key Products/Revenue Segments include Service Revenue, Royalty Income, Traded Goods for the year ending 31-Mar-2024.

Financials

For the quarter ended 30-06-2024, the company has reported a Consolidated Total Income of Rs 4,442.00 Crore, up 16.99% from last quarter Total Income of Rs 3,797.00 Crore and up 71.04 % from last year same quarter Total Income of Rs 2,597.00 Crore. Company has reported net profit after tax of Rs 253.00 Crore in latest quarter.


Promoter/FII Holdings

Promoters held stake in the company as of 30-Jun-2024, while FIIs owned 54.11%, DIIs 15.77%.