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Is it worth buying Zomato stock? Clear your doubts about it. 

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In this article, I will talk about the share prices of Zomato; and whether it is worth buying Zomato shares. But first, I will brief you on Zomato as a company to invest in. 

Zomato

It is crystal clear that Zomato is a leading company in the food delivery business in India, Founded by Deepinder Goyal and Pankaj Chaddah in 2008. Zomato feeds information, menus, and user reviews of restaurants. Food delivery options from associate restaurants in various cities. Since 2019, Zomato services have been available in more than 24 countries.

Zomato came into the market on Friday, 23 July 2021. According to sources, the first time Zomato is likely to advance its listing date is from 27 to 23 July.

Share Performance of Zomato

If we talk about the past performance of Zomato shares, since it is existence in the stock market, it is the best company from which people make a profit. The company’s IPO price is Rs. 76 and goes high to Rs. 141, which is not a small amount. 

Zomato currently sits at a market capitalization of 62,660 cores ($8 billion, at the current transformation rate), nearly half of the company’s $15 billion market capitalization in November 2021. 

Zomato

Is it worth buying Zomato shares?

Yes, it is worth investing in Zomato for a longer time. In the share market, a person should have a vision of making long-term investments if they want enormous wealth. The share market does not work according to past performance; it works on public demand, which we can see in the case of Zomato. 

What is the future of Zomato share?

Zomato conveyed a loss of INR 359.7 Cr in the March 2022 quarter, to a loss of INR 134.2 Cr in the prior quarter. It might be the reason its share prices went down for over a month. But the stock market works best if we see the smaller picture; as an investor, you should know that it is a big company that will add wealth to your account over the long term. 

Is Zomato debt free company?

Yes, Zomato is a depth-free company, and it has shown revenue growth of 45.89% for the past three years.

Major investors in Zomato

They all invested around 562 Million in Zomato. It is not confirmed yet, though there is a chance that Zomato is likely to have their all-time highest investment by Franklin Templeton Investments and ICICI Prudential Life Insurance which is around 30 B post-IPO secondaries. 

Conclusion

After providing all this information on Zomato shares, I am clear that you will understand the market hold of Zomato as a company. I think it is also a great time to invest in stocks as the market is down; it will surely be worth investing in Zomato. 

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