Hold Zomato, target price Rs 65: ICICI Securities

ICICI Securities has hold call on Zomato Ltd. with a target price of Rs 65. The current market price of Zomato Ltd. is Rs 61.95. Time period given by analyst is one year when Zomato Ltd. price can reach defined target.

Zomato Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 52531.98 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 30-06-2022, the company reported a Consolidated Total Income of Rs 1582.00 Crore, up 17.19 % from last quarter Total Income of Rs 1350.00 Crore and up 72.59 % from last year same quarter Total Income of Rs 916.60 Crore. Company reported net profit after tax of Rs -185.70 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 9.98 per cent, DIIs 2.62 per cent.