Zomato's Stock Performance Shows Strong Growth in Largecap Industry
Zomato, a leading IT software company, has shown a positive trend in its stock performance on August 23rd, 2024. With a 3.67% gain and outperforming the sector by 3.91%, the stock has received a 'Buy' call from MarketsMojo. Zomato's stock is also trading higher than its moving averages, indicating a possible trend reversal and showcasing the company's strong position in the industry.
Zomato, a leading IT software company in the largecap industry, has seen a positive trend in its stock performance on August 23rd, 2024. The stock has gained 3.67%, outperforming the sector by 3.91%. This has led to a 'Buy' call by MarketsMOJO, indicating a positive outlook for the company.
The stock touched an intraday high of Rs 267.3, showing a 3.69% increase. This is a significant improvement after two consecutive days of fall, indicating a possible trend reversal for the stock.
Zomato Ltd is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further strengthening its positive performance.
In comparison to the Sensex, Zomato Ltd has outperformed with a 1-day performance of 3.18% while the Sensex has shown a slight decline of -0.01%. In the past month, Zomato Ltd has also outperformed the Sensex with a 22.10% increase compared to the Sensex's 0.76% growth.
These positive trends in Zomato's stock performance reflect the company's strong position in the IT software industry. With its innovative technology and services, Zomato continues to attract investors and gain market share. This makes it a promising company to watch out for in the largecap industry.
{{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}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
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
Most Read
