Zomato Share Price Highlights 25 June 2024: Brokerages bullish on Zomato with ‘buy’ rating, stock gains 2%

Zomato Share Price Updates: Brokerages have been bullish on Zomato following Prosus’ report on Swiggy, which disclosed that the latter’s GOV revenue was up 26 per cent in the last calendar year, similar to Zomato. Domestic brokerage Emkay Global stated that Zomato’s higher growth has been aided by the superior performance in quick commerce. Emkay’s analysts added that steady improvement in operational performance and the planned IPO of Swiggy are likely to keep investor interest high in the space. The brokerage has maintained a ‘buy’ call on Zomato with a target price of ₹230 per share. The stock closed at ₹202.85 on the BSE on Tuesday, up by 2.01%, and at ₹202.56 on the NSE, up by 1.83%.