Zomato share price fell, will the decline continue on August 28 or will it touch the high of 280

Zomato share price closed at ₹280.90 on the NSE and ₹281.05 on the BSE on August 28, 2024, marking a significant increase from its previous closing price. The stock has been on an upward trajectory, with a 52-week high of ₹280.90 and a 52-week low of ₹88.30.

Zomato IPO Listing Price History

Zomato made its debut on the stock exchanges in July 2021 at an issue price of ₹76 per share. Since then, the stock has seen a remarkable surge, with its share price increasing by over 270% from its listing price.

Zomato Stock Forecast 2024

Analysts remain bullish on Zomato stock performance for the remainder of 2024. Several brokerages have raised their target prices for the stock, with CLSA setting a target of ₹350 per share, UBS at ₹260, and Citi at ₹280.

Zomato Share Price Target Next Week

Given the positive sentiment surrounding Zomato stock, analysts predict that the share price may continue to rise in the coming weeks. However, it’s important to note that stock prices can be volatile and subject to market conditions.

Zomato Stock Performance Analysis

Zomato stock has been a consistent performer, delivering strong returns to its investors. The company’s focus on expanding its food delivery business and diversifying into new verticals, such as quick commerce through its acquisition of Blinkit, has contributed to its growth story.

Zomato Share Price Chart 5 Years

If we look at Zomato share price chart over the past five years, we can see a significant upward trend. The stock has gained momentum since its listing in 2021 and has consistently outperformed the broader market.

Is Zomato a Good Stock to Invest in?

Zomato’s strong financial performance, market leadership, and growth prospects make it an attractive investment option for long-term investors. However, it’s essential to conduct thorough research and consider your risk appetite before making an investment decision.

Zomato Share Price NSE vs BSE

Zomato’s share price is listed on both the NSE and BSE. The stock trades at a similar price on both exchanges, with minimal differences due to market dynamics and trading volumes.

Zomato Dividend History and Yield

Zomato has not declared any dividends since its listing. The company has been focusing on reinvesting its profits to fuel growth and expansion. However, as the company matures and achieves profitability, it may consider initiating a dividend payout in the future.

Zomato Share Price After Bonus Issue

Zomato has not announced any bonus issue so far. If the company decides to issue bonus shares in the future, it may impact the share price, as the total number of shares outstanding will increase, leading to a lower share price.

How to Track Zomato Share Price Fluctuations

Investors can track Zomato’s share price fluctuations through various platforms, such as stock exchange websites (NSE and BSE), financial news portals, and mobile apps. Real-time updates on Zomato’s share price, trading volume, and market capitalization are readily available.

Zomato Stock Technical Analysis Today

Technical analysis of Zomato’s stock suggests that the stock is currently in a strong uptrend, with support levels at ₹260 and resistance levels at ₹290. However, it’s essential to note that technical analysis is not a guarantee of future performance and should be used in conjunction with other research methods.

Zomato Share Price Comparison with Competitors

Zomato competes with other food delivery platforms such as Swiggy and Uber Eats. While Swiggy is a private company and does not have publicly traded shares, Uber Eats is a subsidiary of Uber, a publicly traded company. Comparing Zomato’s share price and performance with its competitors can provide insights into the industry dynamics and the company’s relative positioning.

Zomato Stock Split Announcements

Zomato has not announced any stock splits so far. If the company decides to split its shares in the future, it may lead to an increase in the number of shares outstanding and a corresponding decrease in the share price, making the stock more affordable for retail investors.

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Zomato Share Price Movement During Market Hours

Zomato’s share price fluctuates during market hours based on various factors, such as trading volumes, investor sentiment, and market news. Investors can track the intraday price movements of Zomato’s stock through live updates provided by stock exchanges and financial portals.

Zomato Stock Future Growth Potential

Analysts remain optimistic about Zomato’s future growth potential, driven by its strong market position, expanding customer base, and diversification into new verticals. The company’s focus on improving profitability and leveraging technology to enhance its service offerings are expected to contribute to its long-term growth.

Zomato Share Price Affected by Government Policies

Government policies related to the food delivery industry, such as taxation, regulations, and labor laws, can impact Zomato’s share price. Any changes in these policies that affect the company’s operations or profitability may lead to fluctuations in its stock price.

Zomato Stock Discussion Forum

Investors can participate in discussions related to Zomato’s stock on various online forums and social media platforms. These discussions can provide insights into investor sentiment and help investors stay informed about the latest developments related to the company.

Zomato Share Price Predictions by Experts

Analysts and experts have provided their predictions for Zomato’s share price based on the company’s financial performance, growth prospects, and market conditions. While these predictions can serve as a guide, it’s essential to remember that they are not guaranteed and may be subject to change based on various factors.