Buy call to Zomato: Target price Rs. 115 / –
JM Financial has given a buy call to Zomato with a target price of Rs. 115 / -. The company’s current market price is Rs. 65.95 / -.
A period of 1 year has been given for this.
Zomato Limited is a small cap company established in 2010. Working in the services sector and with a market capitalization of Rs. 52,860.03 / – crore. The company’s products and revenue are services, royalty income, other revenue.
For the quarter ended March 2022, the company had a total revenue of Rs. 1350.00 / – crore which has increased by 7.17%. In the same quarter last year, the company earned Rs. 750.80 / – crore, an increase of 79.81%.
The promoter holding in the company is 0%, FII 10.44%, DII 3.06%\
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