TECHNICAL RESEARCH REPORT ON ZOMATO

TECHNICAL RESEARCH REPORT ON
ZOMATO

Zomato is an Indian multinational restaurant aggregator and food delivery company founded by Deepinder Goyal and Pankaj Chaddah in 2008. Zomato provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in select cities. As of 2019, the service is available in 24 countries and in more than 10,000 cities.

COMPANY PROFILE

Particulars Details
Name ZOMATO
Type Public
Traded as • BSE: 543320
NSE: ZOMATO
Industry Online food ordering
Founded July 2008; 14 years ago
Founder • Deepinder Goyal
Pankaj Chaddah
Headquarters Gurgaon, Haryana, India
Key people Deepinder Goyal (CEO)
Services • Food delivery
Table reservation
Revenue ₹4,687 crore (US$590 million) (2022)
Operating income
₹−1,220 crore (US$−150 million) (2022)
Net income
₹−1,222 crore (US$−150 million) (2022)
Total assets
₹−1,222 crore (US$−150 million) (2022)
Total equity
₹17,327 crore (US$2.2 billion) (2022)
Owners Info Edge (18.6%)
Uber (9.1%)
Alipay Singapore (8.3%)
Antfin Singapore (8.2%)
Number of employees 5,000+
Technical View on
Zomato

 Zomato’s shares surged about 20% on Tuesday to close at Rs 55.60 on the BSE.

 Its stock has jumped 37% from a low of Rs 40.55 on the BSE on July 27.

 Those who have share of the Zomato, hold their position till Rs.75. It is strong resistance level of this stock.

• Uber Technologies likely to sell 7.8% stake in Zomato through block deal

 Ride-hailing app Uber likely to offload its its entire holding (7.8 per cent or 61 crore shares) in food delivery company Zomato for at least $373 million (Rs 2,939 crore) through a block deal of shares, merchant banking sources said. The deal can be undertaken in the range of Rs 48-54 each.

 A block deal happens when two parties agree to buy or sell shares at an agreed price among themselves. The Securities and Exchange Board of India (SEBI) rules state that block deal orders should be placed for a price not exceeding 1% to -1% of the previous day closing or the current market price.

• IPO price was approx 76 which everyone knows by now that it was highly overpriced, but now nearly 40% down to its IPO price looks attractive. So, it should be a good buy around 42 for long term investors.

• Strong buy signal for long term because it has given a breakout with great Volume. Also Zomato has reduction in their loses. It’s my opinion on Zomato so please check on your side also. For more accuracy check fundamentals.