Zomato Stock Gains 2.35%, Touches ₹214.55 on April 9
Key Highlights:
Mumbai, April 9 (Hindustan Herald):
Zomato Ltd, listed on the National Stock Exchange (NSE) as Eternal Ltd, saw a notable 2.35% jump in its share price on Tuesday, April 9, 2025. The stock closed at ₹214.55, up ₹4.92 from its previous close of ₹209.63, signaling renewed investor optimism after a muted start to the trading week.
Strong Opening and Market Performance
Zomato shares opened at ₹213.19, maintaining a steady upward trajectory throughout the day. It touched an intraday high of ₹219.19, while the low remained at ₹210.81. The consistent upward movement showcases bullish momentum backed by investor confidence, possibly fueled by robust delivery segment performance and anticipated earnings growth.
Market Context and Broader Impact
The positive rally in Zomato shares came even as broader markets displayed mixed trends. Global cues from the U.S. markets and overnight weakness in tech-heavy indices like NASDAQ had initially hinted at a cautious Asian market opening. However, stocks like Zomato defied the trend, gaining on sector-specific optimism in India’s tech and startup ecosystem.
The Nifty 50 index was trading mildly in the red in early morning sessions but showed signs of resilience later in the day. Zomato, being a high-beta stock, became one of the top gainers in the mid-cap tech/consumer internet segment.
Investor Sentiment & Valuation
Zomato currently trades at a P/E ratio of 290.66, with a market capitalization of ₹1.95 lakh crore. While the valuation remains high, the growth narrative around the online food delivery industry in India continues to support investor interest. The company’s recent focus on profitability, customer retention, and regional expansion are cited as strong fundamental drivers.
52-Week Performance Overview
- 52-week high: ₹304.70
- 52-week low: ₹146.30
Today’s rally puts Zomato stock roughly 30% away from its 52-week high, giving bullish investors renewed hope for a breakout, especially ahead of quarterly earnings and potential new business developments.
Outlook Ahead
With Zomato’s fundamentals aligning with strong delivery growth, increased average order value, and a leaner cost structure post-pandemic, analysts remain optimistic. Technical indicators suggest a short-term upside if the stock sustains above the ₹215–₹220 range in upcoming sessions.
However, experts also advise caution, citing the stock’s elevated P/E and dependence on broader market cues and quarterly financials. Any slowdown in user acquisition or negative earnings surprises could impact momentum.
As of 9 April 2025, Zomato (Eternal Ltd) has delivered a powerful 2.35% surge, reflecting robust sentiment and investor faith in the brand’s future. Traders will keep a close eye on volume trends and institutional activity as the stock moves closer to the ₹220 mark.
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