Zomato Share Price: One of the most heated topics lately has been Zomato share price, bringing in investors of all skill levels! The stock is currently trading at ₹286.45, having had a remarkable 58% rise in just the last six months as of December 13, 2024. Early this year, it even hit the record high of ₹304.70 – making it the clear market leader.
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Why is everyone so excited?
- Stellar Financial Growth:
Zomato’s revenue for FY 2023–2024 increased by an incredible 71% to ₹12,114 crore. This remarkable expansion demonstrates that it can prosper even in the face of fierce competition in the food delivery industry.
- Leading Fast-Commerce:
Zomato’s BlinkIt platform of quick delivery, it continues to top the field. Swiggy – an opponent, is also having difficulties but BlinkIt appears to have had a significant role in Zomato’s expansion and stability in the quick-commerce sector.
- Significant Market Presence:
Zomato is listed on major lists such as the Nifty 100 and BSE 500 and its market value reaches ₹2.76 lakh crore. It appears more reliable as a wise investment option as a result.
- Competitive Issues:
The sector saw a complete transformation a few days ago when Amazon launched a 15-minute delivery service. That is a huge boost but Zomato has the advantage in this case because of its size, user base, and system.
Is now the time to invest?
This could be a fantastic moment if you’re interested in Zomato stock. The stock has grown steadily but navigating the volatile market requires knowledge. Having the proper tools is essential, regardless of your level of experience.
👉 Open Demat Account in Angelone: Click here and start investing today. With a focus on profitability and expansion in high-growth segments, it could be an exciting stock to watch. Do watch it and follow our blogs for more information.
(Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI registered advisor before investing anywhere.)
Authored by – Deepa Trivedi
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