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Zomato shares surge 6% on block deals
The shares of Zomato surged 6% during the intraday session on August 28, 2023, after over 55 million company shares changed hands on the bourses via block deals. The block deals were executed at an average price of Rs 94.50 per share, which is higher than the previous closing price of Rs 90.75 per share. The total value of the block deals was around Rs 515 crore.
The block deals are likely to be triggered by institutional investors who are positive about the long-term prospects of Zomato. The company has been reporting strong growth in its business in recent quarters. In the June quarter of 2023, Zomato reported a consolidated profit of Rs 2 crore, compared to a loss of Rs 186 crore in the same quarter last year. The company’s revenue from operations also grew 71% year-on-year to Rs 2,416 crore in the June quarter.
The rise in Zomato shares could be attributed to the following factors:
- Block deals by institutional investors: The block deals by institutional investors are a sign of confidence in the company’s long-term prospects.
- Strong financial performance: The company’s strong financial performance in the June quarter has also boosted investor sentiment.
- Recent decline in the stock price: The recent decline in the stock price has made it attractive for investors.
It is important to note that the stock market is volatile and the prices of shares can go up and down. Investors should do their own research before making any investment decisions.
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Some related Questions and Answers from this Article:-
- What are the reasons for the block deals in Zomato shares?
The block deals are likely to be triggered by institutional investors who are positive about the long-term prospects of Zomato. The company has been reporting strong growth in its business in recent quarters. In the June quarter of 2023, Zomato reported a consolidated profit of Rs 2 crore, compared to a loss of Rs 186 crore in the same quarter last year. The company’s revenue from operations also grew 71% year-on-year to Rs 2,416 crore in the June quarter.
- What is the impact of the block deals on the stock price of Zomato?
The block deals have had a positive impact on the stock price of Zomato. The shares of Zomato surged 6% during the intraday session on August 28, 2023, after the block deals were announced. The total value of the block deals was around Rs 515 crore.
- What are the risks associated with investing in Zomato shares?
The stock market is volatile and the prices of shares can go up and down. Investors should do their own research before making any investment decisions. Some of the risks associated with investing in Zomato shares include: * The company’s business model is still evolving and it is not yet profitable. * The company is facing stiff competition from other food delivery platforms. * The company is heavily dependent on third-party restaurants for its business.
- What are the opportunities for Zomato in the future?
The food delivery market in India is growing rapidly and Zomato is well-positioned to capitalize on this growth. The company has a strong brand and a large user base. It is also expanding into new markets and launching new products and services.
In Hindi –
ज़ोमैटो के शेयर ब्लॉक सौदों में 6% बढ़े
ज़ोमैटो के शेयर 28 अगस्त, 2023 को दिन के कारोबार में 6% बढ़े, जब 55 मिलियन से अधिक कंपनी के शेयरों का बीएसई और एनएसई में ब्लॉक सौदों के माध्यम से कारोबार हुआ। ब्लॉक सौदे औसतन 94.50 रुपये प्रति शेयर पर किए गए, जो पिछले बंद के 90.75 रुपये प्रति शेयर से अधिक है। ब्लॉक सौदों की कुल कीमत लगभग 515 करोड़ रुपये थी।
ब्लॉक सौदे संस्थागत निवेशकों द्वारा किए गए हैं जो ज़ोमैटो के दीर्घकालिक दृष्टिकोण के बारे में सकारात्मक हैं। कंपनी हाल के तिमाहियों में अपनी बिजनेस में मजबूत ग्रोथ रिपोर्ट कर रही है। जून 2023 की तिमाही में, ज़ोमैटो ने एक समेकित लाभ 2 करोड़ रुपये दर्ज किया, जो पिछले वर्ष की इसी तिमाही में 186 करोड़ रुपये के नुकसान की तुलना में है। कंपनी की परिचालन से राजस्व भी साल-दर-साल 71% बढ़कर जून तिमाही में 2,416 करोड़ रुपये हो गया।
ज़ोमैटो के शेयरों में वृद्धि का श्रेय निम्नलिखित कारकों को दिया जा सकता है:
- संस्थागत निवेशकों द्वारा ब्लॉक सौदे: संस्थागत निवेशकों द्वारा किए गए ब्लॉक सौदे कंपनी के दीर्घकालिक दृष्टिकोण में विश्वास का संकेत हैं।
- मजबूत वित्तीय प्रदर्शन: जून तिमाही में कंपनी के मजबूत वित्तीय प्रदर्शन ने भी निवेशकों की भावना को बढ़ाया है।
- शेयर की कीमत में हालिया गिरावट: शेयर की कीमत में हालिया गिरावट ने इसे निवेशकों के लिए आकर्षक बना दिया है।
यह ध्यान रखना महत्वपूर्ण है कि शेयर बाजार अस्थिर है और शेयरों की कीमतें ऊपर और नीचे जा सकती हैं। निवेशकों को कोई भी निवेश निर्णय लेने से पहले अपना स्वयं का शोध करना चाहिए।
