Zomato stock rebounds after losing 8% in 4 days; what should investors do?

Zomato Share Price NSE BSE News: Zomato shares registered mild gains connected Monday, snapping a four-day losing streak, aft Jefferies maintained its 'buy' standing for the banal with a people that implied much than 30 per cent upside from their erstwhile close. The Zomato banal roseate by arsenic overmuch arsenic Rs 9.6, oregon 3.7 per cent, to Rs 267 apiece connected BSE and NSE each, marking a betterment of astir fractional of the losses recorded successful the past 4 seasons. 

At 2:20 pm, Zomato shares traded astatine Rs 261.5 and Rs 261.4 apiece connected BSE and NSE respectively.

On Thursday, Zomato said its committee volition conscionable connected Tuesday to see raising funds done a qualified organization placement of shares, taxable to specified regulatory and different indispensable approvals. Its committee volition besides see its fiscal results for the July-September play connected the aforesaid day. 

Zomato Share Price News | How Jefferies views the nutrient transportation company

Describing Zomato's determination to denote the QIP arsenic "surprising yet interesting", Jefferies highlighted that the determination comes contempt a sum of $1.2 cardinal disposable connected the company's books with a rising escaped currency travel (FCF) successful its nutrient segment. 

A apt rise of $1 billion, if confirmed, on with Zomato's determination to use to the RBI to headdress its FII holding astatine 49 per cent volition apt person Zomato into a home company, enabling a first-party exemplary successful speedy commerce that could amended its profitability. 

This whitethorn besides effect successful the removal of the banal from the MSCI beingness and the process of capping the FII holding whitethorn instrumentality time, according to the brokerage. 

Currently, Zomato's subsidiary, Blinkit, operates a marketplace exemplary wherein section third-party entrepreneurs ain the inventory and merchantability it to users connected the Blinkit platform. 

An inventory exemplary volition let Blinkit to person tighter power implicit the inventory and instrumentality calculated risks erstwhile it comes to launching oregon scaling up caller categories, arsenic it expands good beyond groceries, according to Jefferies. 

Zomato Q2 FY25 Results Date

Zomato is scheduled to denote its fiscal results for the July-September play (Q2 of FY25) connected October 22.

Zomato Share Price History 

Zomato shares person much than doubled successful worth successful 2024 truthful far, with a instrumentality of 110 per cent, sharply outperforming a 14.3 per cent emergence successful the header Nifty50 index.

At Monday's high, the Zomato banal commanded a premium of 251 per cent implicit the precocious extremity of its contented price. 

Zomato shares entered the listed abstraction successful July 2021.  

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