Page 3 - Zomato

Zomato Hyperpure leases 2.5 lakh sq ft of warehousing space in Bhiwandi

Zomato Hyperpure is a business-to-business (B2B) platform providing kitchen solutions, set up by the restaurant aggregator Zomato

Stocks to buy today, Sep 23: Analyst bets on ICICI Bank, Eternal; check why

Shrikant Chouhan, Head of Equity Research at Kotak Securities, has recommended buying shares of ICICI Bank and Zomato (formerly Eternal) today

Strong growth, improving profitability bode well for Eternal's stock

The Eternal Food Delivery business (EFD) is also seeing improving profitability in the duopoly FD market

Eternal hits 52-wk high as Goldman Sachs lifts target price, retains 'Buy'

Goldman Sachs says Blinkit's store count could double in the next two to three years, a dynamic which is not being fully reflected in Zomato's current share price

Eternal's market cap surges to ₹3.26 trn; ranks ahead of HAL, Titan

The market valuation of Eternal Ltd, which owns the Zomato and Blinkit brands, surged to Rs 3.26 lakh crore on Thursday following a rally in its stock price, with the company racing ahead of firms like Hindustan Aeronautics, Titan, Avenue Supermarts and Adani Ports in the market capitalisation chart. Shares of Eternal climbed 2.96 per cent to settle at Rs 337.90 apiece on the BSE. During the day, the stock jumped 3.18 per cent to Rs 338.65 -- its 52-week high level. The stock has been rallying for the past four trading days, climbing 5.11 per cent. At the close of trade, the company commanded a market valuation of Rs 3,26,085.35 crore. Eternal emerged as the biggest gainer among both the Sensex and Nifty firms. Eternal stood at the 22nd rank in the chart of the top 100 companies by market capitalisation (mcap). The company is ahead of Hindustan Aeronautics, whose market valuation stood at Rs 3,24,847.42 crore, Titan Company (Rs 3,11,692.84 crore), Avenue Supermarts (Rs 3,09,758.7

Domestic MFs flock to Eternal, trim bets on Maruti, D-Mart, NTPC

Mutual funds increased exposure to Eternal in August as the stock surged over 60 per cent in six months, crossing Rs 3 trillion in market cap, with Blinkit leading growth

MakeMyTrip partners with Zomato to offer on-train meal delivery service

After booking, passengers can avail services such as on-train food delivery in partnership with Zomato, live Passenger Name Record (PNR) status updates, and real-time train tracking

Zomato parent Eternal hits ₹3.16 trillion mcap, overtakes ONGC, Adani Ports

Eternal's share price has risen over 2.75 per cent in the past month and more than 31 per cent over the last three months

Amazon expands QCom to Mumbai: Is it a threat to Eternal, Swiggy?

Amazon has reported strong traction for 'Now', with 25 per cent M-o-M order growth in Bengaluru and Delhi, and a surge in Prime member shopping frequency, according to JM Financial

Why is Nomura bullish on Eternal? 3 key factors for ₹370 stock target

On the bourses, Eternal shares have advanced 4 per cent over the past five sessions, 9 per cent in the last month, and a little over 28 per cent in the past three months.

Food delivery may get pricier as platforms hike fees, 18% GST adds burden

The hike in platform fees by Zomato, Swiggy and magicpin ahead of the festive season is set to make ordering food costlier for millions of users across the country, which is likely to rise further due to the 18 per cent GST levy on delivery charges from September 22. Swiggy has hiked its platform fee to Rs 15, inclusive of GST, in select markets. Rival Zomato has raised its platform fee to Rs 12.50 (excluding GST), whereas the third-largest food delivery player, magicpin, has also revised its platform fee to Rs 10 per order, in line with broader industry trends, making it expensive for food delivery consumers. Estimates suggest that the additional burden on account of 18 per cent GST to be levied on delivery charges from September 22 is expected to add roughly Rs 2 per order for Zomato users and Rs 2.6 for Swiggy customers. E-mail queries sent to Swiggy and Zomato by PTI seeking responses remained unanswered. A magicpin spokesperson told PTI that it has already been paying 18 per

GST 2.0: Food-delivery giants face new ₹500 cr tax bill, margin crunch

Platforms must pay 18% GST on behalf of delivery workers, a move that could squeeze margins and raise consumer costs as growth slows

Rakesh Ranjan, former CEO of Zomato's food delivery business, exits company

Rakesh Ranjan exits Zomato's food delivery business following a restructuring; Aditya Mangla appointed as new CEO, with the next career move of Ranjan yet to be known

M&M, Eternal, Muthoot Finance, L&T Finance from BSE 500 hit record highs

CCL Products, GMDC, Zydus Wellness, Anand Rathi Wealth and Syrma SGS Technologies among others from the BSE 500 and Nifty 500 index also registered new all-time highs in Friday's trading session.

Motilal Oswal sees buffet of tailwinds; upgrades Swiggy, bullish on Eternal

The brokerage now values Swiggy at ₹560, capturing the inflection in food delivery growth and the path to improved economics in Instamart.

Zomato hikes platform fee from ₹10 to ₹12 ahead of festive season rush

Zomato, led by CEO Deepinder Goyal, first introduced the fee at ₹2 in August 2023 as part of a strategy to improve margins and move toward profitability

Aurobindo, SBI Life, Eternal among top rollovers; 8 stocks to exit F&O

Aditya Birla Fashion, Adani Total Gas, CESC, Granules India, IRB Infrastructure, Jindal Stainless, Poonawala Fincorp and SJVN are the eight stocks to exit derivatives segment post August expiry.

Zomato parent Eternal gets over ₹40 crore tax demand from GST authority

In its late-night regulatory filing on Monday, the company said the total demand includes ₹17.19 crore in GST, ₹21.42 crore in interest, and a penalty of ₹1.71 crore

Eternal hits record, market cap regains ₹3-trn mark; soars 21% in 4 weeks

Eternal is setfor long-term growth and improved profitability, driven by its strong market position and growth prospects in the quick commerce business.

Paytm, Eternal surge up to 6%, stocks near 52-week highs

Shares of Eternal, the parent company of food aggregator Zomato and quick-commerce firm Blinkit, were up 3% to ₹310.40, quoting close to its record high level of ₹314.40