Zomato Share Price Today:- Zomato’s stock has taken a hit amidst market volatility, reflecting investor concerns and sector-wide challenges. In this live update, we delve into the latest movements, key metrics, and analysis to help you stay informed about Zomato’s share performance today.
Zomato Share Price Today
Zomato’s share price experienced a significant drop today, reflecting heightened market volatility and sector-specific challenges. As of the latest update, Zomato’s stock is trading at ₹224.0, marking a 7.03% decline from its previous close of ₹240.95. The stock opened at ₹251.6 and reached an intraday high of ₹254.45 before sliding to a low of ₹228.8.
This decline has pushed Zomato below its key daily support level of ₹226.98, signaling strong selling pressure. Despite this short-term downturn, Zomato remains a prominent player in the Indian food-tech sector, with a robust market capitalization of ₹194,437.71 crore. Investors are advised to monitor the stock’s support and resistance levels, alongside broader market trends, to make informed decisions.
| Parameter | Details |
| Article for | Zomato Share Price Today |
| Current Price | ₹224.0 |
| Change | -₹16.95 (-7.03%) |
| Opening Price | ₹251.6 |
| Intraday High | ₹254.45 |
| Intraday Low | ₹228.8 |
| Previous Close | ₹240.95 |
| Market Capitalization | ₹194,437.71 crore |
| Category | Finance |
Must Read:- Income Tax Updates
Zomato Share Price Live Update
Zomato’s share price is witnessing significant volatility in today’s trading session. Currently trading at ₹224.0, the stock has dropped by 7.03% from its previous close of ₹240.95. The day began with an opening price of ₹251.6, reaching an intraday high of ₹254.45 before falling to a low of ₹228.8. This sharp decline has led Zomato to breach a crucial support level of ₹226.98, indicating a bearish trend.
The trading volume has surged significantly, with yesterday’s volume 72.67% higher than the 20-day average, highlighting increased market activity. Despite the recent downturn, Zomato’s shares have gained 80.13% over the past year, showcasing its long-term growth potential. Investors are advised to keep an eye on key resistance levels at ₹252.18 and ₹259.57 for signs of recovery amidst broader market challenges.
Opening and Closing Prices
- Previous Day’s Close: ₹248.75
- Today’s Opening Price: ₹251.6
- Current Trading Price: ₹224.0 (down 7.03%)
- Daily High: ₹254.45
- Daily Low: ₹228.8
The sharp decline of over 7% highlights increased selling pressure, with Zomato’s share price crossing key support levels.
52-Week Range
- 52-Week High: ₹304.5
- 52-Week Low: ₹121.7
Zomato’s current price of ₹224 is significantly below its 52-week high, indicating bearish sentiment despite its strong performance earlier in the year.
Also Read:- Trump Unveils His Cryptocurrency ‘$Trump’
Zomato Stock Analysis: Market Performance and Metrics
Market Capitalization
- Current Market Cap: ₹194,437.71 crore
Despite the decline, Zomato remains one of India’s leading food-tech companies by market capitalization.
Trading Volume
- Yesterday’s Volume: 106 million shares (72.67% higher than the 20-day average)
- BSE Volume: 3 million
The spike in trading activity suggests heightened investor interest and possibly institutional participation amidst market fluctuations.
Daily Support and Resistance Levels
| Resistance Levels | Price | Support Levels | Price |
|---|---|---|---|
| Resistance 1 | ₹252.18 | Support 1 | ₹239.58 |
| Resistance 2 | ₹259.57 | Support 2 | ₹234.37 |
| Resistance 3 | ₹264.78 | Support 3 | ₹226.98 |
Zomato breached its primary support level of ₹226.98, indicating further downside potential in the near term.
Peer Performance: Zomato vs. Competitors
| Company | Latest Price | Change | % Change | 52W High | 52W Low | Market Cap (Cr) |
|---|---|---|---|---|---|---|
| Zomato | ₹224.0 | -16.95 | -7.03% | ₹304.5 | ₹128.1 | ₹194,437.71 |
| Wipro | ₹302.45 | +2.3 | +0.77% | ₹319.95 | ₹208.4 | ₹315,708.53 |
| Info Edge India | ₹7500.9 | -245.4 | -3.17% | ₹9194.95 | ₹4868.5 | ₹96,856.87 |
| Firstsource Solutions | ₹384.4 | -3.9 | -1.0% | ₹422.8 | ₹176.7 | ₹26,397.61 |
| Eclerx Services | ₹3237.05 | -16.2 | -0.5% | ₹3875.15 | ₹2116.0 | ₹15,613.02 |
Zomato’s significant drop contrasts with the mixed performance of its peers, reflecting sector-specific headwinds and market trends.
Check This:- Ventive Hospitality IPO
Technical Analysis: Short and Long-Term Trends
Price Movement Analysis
- 1 Week: +5.55%
- 3 Months: -4.99%
- 6 Months: +8.16%
- Year-to-Date: -13.77%
- 1 Year: +80.13%
Despite short-term setbacks, Zomato’s one-year performance remains robust, outpacing the Nifty index’s 9.92% growth during the same period.
Technical Trend
The stock’s bearish outlook is underscored by its inability to sustain support levels and increased volatility. Investors should closely monitor key resistance points at ₹252.18 and ₹259.57 for signs of recovery.
Factors Impacting Zomato’s Share Price
- Market Downturn: Broader market indices such as Nifty and Sensex are experiencing marginal declines, which weigh on Zomato’s performance.
- Sector-Specific Trends: The food-tech sector is facing challenges due to rising competition and fluctuating consumer demand.
- Volume Surge: Increased trading volume indicates high investor activity, possibly reflecting profit booking or panic selling.
Conclusion
Zomato’s share price decline signals caution for short-term traders, while long-term investors may view this as an opportunity to enter at lower levels. Keep an eye on key technical levels and broader market trends before making investment decisions.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always consult with a financial advisor before making investment decisions.
FAQ’s
What is Zomato’s share price today?
Zomato’s share price is currently ₹224.0, marking a 7.03% decline from the previous day’s close of ₹240.95.
What was the opening price of Zomato stock today?
Zomato’s stock opened at ₹251.6 during today’s trading session.
What is the intraday high and low of Zomato shares today?
The intraday high of Zomato shares today is ₹254.45, and the low is ₹228.8.
Why is Zomato’s stock price declining today?
Zomato’s stock is experiencing a decline due to overall market downturns and heightened selling pressure. It has also breached key support levels, indicating bearish sentiment.
What is Zomato’s 52-week high and low?
Zomato’s 52-week high is ₹304.5, while its 52-week low is ₹121.7.
What is Zomato’s market capitalization today?
Zomato’s market capitalization is currently ₹194,437.71 crore.
How has Zomato’s stock performed in the past year?
Over the past year, Zomato’s stock has increased by 80.13%, showcasing significant growth despite short-term volatility.
What are Zomato’s key support and resistance levels today?
The key support levels for Zomato are ₹226.98, ₹234.37, and ₹239.58. Resistance levels are at ₹252.18, ₹259.57, and ₹264.78.
What is the trading volume of Zomato shares?
Yesterday, Zomato’s trading volume was 72.67% higher than the 20-day average, with an NSE volume of 102 million shares and a BSE volume of 3 million shares.
Is Zomato a good investment option?
Zomato’s long-term performance has been strong, with an 80.13% gain over the past year. However, short-term investors should monitor market trends and stock movements closely to make informed decisions.
Related Posts:-