Zomato Experiences Notable Revision in Its Stock Evaluation Amid Market Fluctuations

Jan 03 2025 02:35 PM IST
share
Share Via
Zomato has recently undergone a revision in its score, reflecting changes in its market performance. Despite a decline in stock price and underperformance relative to the sector, Zomato remains above key moving averages, indicating mixed trends. The stock has also been added to MarketsMojo's list, suggesting ongoing interest.
Zomato, a prominent player in the IT software sector, has recently experienced a notable adjustment in its evaluation. The stock has faced a decline of 3.35% as of January 3, 2025, underperforming its sector by 2.25%. During the trading session, Zomato reached an intraday low of Rs 274.8, reflecting a drop of 3.53%.

Despite this downturn, Zomato's moving averages indicate a mixed performance; the stock remains above its 50-day, 100-day, and 200-day moving averages, yet falls short of its 5-day and 20-day moving averages. Over the past month, Zomato's performance has shown a slight decline of 1.79%, which is marginally better than the Sensex's performance of 1.88%.

In light of these developments, Zomato has been added to MarketsMOJO's list, signaling a revision in its score. Investors and market analysts will be keen to observe how these changes impact Zomato's position in the competitive landscape of the IT software industry.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News