Zomato Share Price or Eternal Share Price is in the news today. Recent GST Changes are going to increase the delivery fees. How will it affect? Should you buy, hold, or sell these shares? Let’s check the company’s financials, recent news, and target price suggestions and recommendations.
Zomato Share Price in The Market Today
As of today, the Zomato Share Price is at Rs 328.90. That is 0.20% up since the market opening, and touched a high of Rs 330.50. The current UC limit is at Rs 361.05 and the LC limit is at Rs 295.45. The total market capitalization of the company stands around Rs 317,400 crores.
Company Financials
Eternal has already released its first-quarter financial results. It shows a 70.40% jump in total income of Rs 7167.00 Crores. But operating profits are still negative, Rs199 crores. Profit after tax is down by 90.12% to Rs 25 crores only, and the operating margin is down to negative 2.78%. All these figures are on a YoY basis.
Recent News About Zomato
- Zomato has partnered with MakeMyTrip to launch a new “Food on Train” service. This will enable passengers to order meals from over 40,000 restaurants from the comfort of their seats.
- Eternal Ltd has hiked the platform fee for food delivery orders by 20% from Rs 12. Also, from September 22, food delivery charges via Zomato will increase due to the implementation of an 18% GST.
Zomato Share / Eternal Share Target Price
As one of the most popular stocks and a food delivery giant, Zomato or Eternal Share has multiple target price suggestions on the market. Motilal Oswal suggested a target of Rs 270 by 2025. S&P Global Market Intelligence suggested Rs 286.66 with an upper range of Rs 400. FIGW suggested a range between Rs 237 and Rs 357. However, Consensus analysts suggest a Rs 325.55 target price, which has already been surpassed.
Recommendation on Buy or Sell
According to the moneycontrol website, 61% of the analysts suggest buying Zomato Shares. The remaining 3% suggest holding, and 10% suggest selling. On the other hand, Consensus analyst suggests buying on the Trendlyne platform.
Disclaimer: All the information shared in this article is for informational purposes only. Any recommendations mentioned are made by individual analysts or experts. India Hood does not recommend Buy or Sell, nor will she be responsible. Investors are strongly advised to consult with certified experts before making any investment decisions.
