Zomato Share Price Target 2022

 

Zomato Share Price Target 2022

About Zomato Ltd.:

Zomato Ltd., incorporated in the year 2010, is a Large Cap company (having a market cap of Rs 53,851 Crore) operating in Services sector. Zomato Ltd. key Products/Revenue Segments include Service Revenue, Other Operating Revenue and Royalty Income for the year ending 31-Mar-2022.

 

Overview:

1) Communication Services: Online Services.

2) Large Cap: With a market cap of ₹ 53,851 cr.

3) High Risk: Stock is 3.74x as volatile as Nifty

4) 52 week: High- 169,Low- 40.60, & Current Price- 63.20

 

Fundamental Analysis:

 

Zomato Limited (Zomato Share Price Target 2022)

For the quarter ended 30-06-2022, the company has reported a Consolidated Total Income of Rs 1,582.00 Crore, up 17.19 % from last quarter Total Income of Rs 1,350.00 Crore and up 72.59 % from last year same quarter Total Income of Rs 916.60 Crore. Company has reported net profit after tax of Rs -185.70 Crore in latest quarter.

 

Deliveries: Last trading day stock delivery percentage 62.71% 

Overview:

1) P/E Ratio: -52.04

2) EPS- TTM : -1.21

3) PB Ratio: 3.35

4) Returns: 1 week 0.64%, 1 month -1.63%, 3 month -5.95% and 1 year -55.51%

5) Shareholding Pattern:  Promoters: 0 Pledge 0

FII: 9.98

DII:  2.62 Mutual Fund: 2.37

OTHERS:  87.40

 

What Is Fundamental Analysis?

Fundamental Analysis is the statistical method of performing fundamental analysis. It can help to learn the patterns in the historical data and applying it to the future. Essentially, it involves taking a look at the fundamental drivers of the stock and value of a stock. Using such methods, a very good analyst could make an astonishing return for his/her clients. However, there are several different methods of Fundamental Analysis depending on your personality and skill set. The common fundamental ways are Fundamental Indexing, fundamental Dividend Yield and Fundamental Discounted Cash Flow analysis. Fundamental Indexing When you buy a stock, you simply buy the whole company.

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Technical Analysis:

 

Zomato Limited (Zomato Share Price Target 2022): Stock currently trading at Rs. 63.20

Moving averages (on daily chart):

MA 50: Buy

MA 100: Buy

MA 200: Sell

Indicators (on daily chart):

RSI (14): Value 58.952, Action: Buy

STOCH (9,6): Value 68.576, Action: Buy

MACD (12,26,9): Value 68.576, Action: Buy

What is Technical Analysis and How Does it Work?

1. Introduction to Technical Analysis:

Technical analysis charts study the charts of a security for forecasting its price movement either in the short-term or long-term.

Technical analysis charts study the charts of a security for forecasting its price movement either in the short-term or long-term. One way to do this is through chart patterns on a stock’s price and volume. Chart patterns are formations that appear on a stock’s chart, which can signal when it will change direction.

There are many different types of chart patterns, but they all have one thing in common: They identify an entry point into a trade where an investor can make money by identifying when stocks will change direction.

2. Meaning of Charts and Patterns in Technical Analysis:

Technical analysis Charts is a way of forecasting the future value and movements of financial instruments or currencies by analysing statistics generated by price movements over time.

Technical analysis charts are trained to recognize patterns in the market that indicate what might happen next. It is a good idea to get acquainted with some basic patterns as they can serve as an indicator for future price movement.

Patterns like are Head and Shoulders, Flags, Pennants, Triangle, and Rectangle patterns will be discussed in this section.

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Strengths for Zomato Limited:

1) The company has shown a good revenue growth of 45.89% for the Past 3 years.

2) Company is virtually debt free.

3) The company has an efficient Cash Conversion Cycle of 27.31 days.

4) Company has a healthy liquidity position with current ratio of 8.42.

 

Limitations for Zomato Limited:

1) The company has shown a poor profit growth of -310.20% for the Past 3 years.

2) Company has a poor ROE of -65.84% over the past 3 years.

3) Company has a poor ROCE of -53.74% over the past 3 years

4) Company has negative cash flow from operations of -508.60.

5) The company has a low EBITDA margin of -70.49% over the past 5 years.

 

Entry Point: Good time to consider, as stock is not in overbought zone.

 

Short term target (only for educational purpose read disclaimer) : The short term target (2 months to 6 month for Zomato Limited (Zomato Share Price Target 2022).

Target 1: Rs.70 (one month)

Target 2: Rs. 75 (2-3 months)

Target 3: Rs. 79.70 (6 months)

 

Stop loss:

Stop Loss : Rs. 57.65

 

About The Post 

Through this article, I shared with you some information about Zomato Limited (Zomato Share Price Target 2022). If you like this article then share with your friends so that they can plan trading or long term investment from today. Apart from this if you have any problem or suggestion or feedback, then email me. I will try to help you.

Disclaimer

Stock Analysis by Ibrahim Ansari

Source: ETmarkets, NSE, Tickertape, Ticker.finology.in & Investing.com