Stock market today:

 Zomato share price witnessed some buying interest during the early morning session on Tuesday. Ahead of the announcement of Q2 results today, Zomato's share price today opened with an upside gap at ₹267 apiece and touched an intraday high of ₹270.90 per share within a few minutes of the Opening Bell. However, the stock failed to sustain at higher levels and came under selling pressure after the profit-booking trigger. According to stock market experts, Zomato is expected to report robust revenue growth and an impressive improvement in EBIDTA margins. They said that Zomato shares are rising because the market expects a rise in profit growth for the online food delivery company.

Zomato Q2 results 2024 preview

Speaking on expectations from Zomato's Q2FY25 results today, Mahesh M Ojha, AVP—Research at Hensex Securities, said, “Zomato should continue its healthy topline growth coupled with bottom line improvements. Zomato will likely deliver revenue growth of 69% YoY/14% QoQ. The consolidated EBITDA margin will likely improve to 99bps QoQ, which profit improvements across business segments will lead. Continued execution in the quick commerce vertical should enhance Zomato's performance.”

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Published on:22 Oct 2024, 10:48 AM IST