Zomato share price update
stock slip 1.48% due to profit booking, In recent days Zomato gave fabulous profit to it’s investers.Today stock open at the price of 183.6 and made all time high of 189 and saw a profit booking. Stock corrected 1.48% due to profit booking prassure.
Over the past year, Zomato’s stock price has steadily risen after hitting a low of approximately ₹50 per share about a year ago. Today, the stock opened higher and reached an intraday peak of ₹189 per share on the NSE, marking a 250 percent increase over the past year. This marks the second consecutive session in which Zomato’s stock has reached a new high, following a similar milestone on Tuesday.
Brokerage firms on Zomato share price
Brokerage houses weigh in on Zomato’s stock performance. Bernstein has issued an ‘outperform’ rating with a target price of ₹200, Kotak Institutional Equities rates it as a ‘buy’ with a target of ₹190, and JM Financial also recommends a ‘buy’, setting a target price of ₹200.
