Zomato Stock Crash: Jefferies ने कैसे Zomato Investers को पहुंचाया नुकसान?

yesterday

Zomato Stock Crash:
जेप्टो-स्विगी इंस्टमार्ट से जोमैटो की क्विक कॉमर्स कंपनी ब्लिकिंट को जोरदार चुनौती मिल रही है इसी के चलते जेफ्फरीज ने स्टॉक के टारगेट प्राइस को घटा दिया है.

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~PR.147~ED.148~GR.125~HT.96~

Transcript

00:00Due to the HMPV virus, there was a sharp fall in the business session a week ago.

00:10However, after this, on January 7, 2025, i.e. Tuesday, the Indian market has recovered once again in the business session.

00:17But for the stock of quick commerce and online food delivery company Zomato, Tuesday is proving to be ominous.

00:24The renowned foreign brokerage house Jefferies has reduced the target price of Zomato's stock due to increasing competition in the field of quick commerce.

00:32How much has been done and what impact will it have on investors, let's know in the video.

00:37After this report by Jefferies, a sharp drop of 5% was seen in the company's share.

00:42After a drop of 5% from the previous closing price of Rs. 264.85, this stock has come to Rs. 251.55.

00:50And now with a drop of 4.63%, it is trading at Rs. 252.65.

00:57Jefferies has advised investors to hold the stock while downgrading the stock of Zomato.

01:03The brokerage house has now reduced its target price from Rs. 335 to Rs. 275.

01:09In its report, Jefferies said that the valuation of Zomato is not expensive, but we are worried about increasing competition in quick commerce.

01:16In its note, the brokerage house said that due to the aggressive direction of the existing players in the sector and the entry of new players, heavy discounting can be seen.

01:25Giving more discounts will affect the profits in the mid-term.

01:29Jefferies has also reduced the forecast of Blinket for the financial year 26-27.

01:34The year 2024 was great for Zomato's stock.

01:38On January 1, 2024, the stock was trading at Rs. 124 and on December 9, 2024, it reached Rs. 304.

01:47That is, in one year, Zomato's stock gave its shareholders a return of 146%.

01:52Not only this, Zomato was also included in Sensex 30 stocks.

01:55But according to Jefferies, this can be challenging for the company in 2025.

02:00Although Jefferies has reduced the target price of Zomato's stock,

02:03But the foreign brokerage house Morgan Stanley is overweight on Zomato and has increased its target price to Rs. 355.

02:10According to Morgan Stanley, Zomato is included in its top pick in India's internet space.

02:15In its note, the brokerage house said that despite the fast competition, the revenue growth has been great and the company has also made a profit.

02:23That is, if we consider Jefferies, the target price has been reduced and the stock has been advised to hold.

02:29Apart from this, if we talk about Morgan Stanley, then Morgan Stanley is overweight on Zomato and has increased its target price and is also included in the top pick.

02:38That's all in the video.

02:39What do you have to say about Zomato's share?

02:41Do tell us by commenting.

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Zomato Stock Crash: Jefferies ने कैसे Zomato Investers को पहुंचाया नुकसान? | GoodReturns

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