Zomato Ltd., slumped nearly 9% on Monday, the day the mandatory one-month lock-in period for anchor investors ended, wiping out over $1.25 billion in investor wealth
Great revenue traction in the quarter. India food delivery growth may tame in the coming quarters as there is no lockdown but at the same time dining out revenue should pick up. Adj. EBITDA loss has been in-check and whilst non cash ESOP expenses are significant, I would continue to keep a watch on this but not base my investment decisions basis this, for now.
However, I certainly feel that management commentary and disclosure of non GAAP metrics in quarterly results can be far better. The management needs to talk more...perhaps due to Swiggy they''re staying tight lipped but more information helps more than it hurts.
In a week, when most mid caps and small caps and recent IPO listings have been ravaged, the stock has buoyed up perhaps due to the faith in Internet Economy stocks in India. Though definitely, trading ahead of fundamentals on valuation, I''d continue to hold all my holdings that I gained as an HNI investor in the IPO, for now! Not selling anything at the moment!
Zomato broke all long term and short time support.. Also posted a bigger loss... Can we sell now and buy later or hold?? Your views?? All??
1168. arunARUN| Link| Bookmark|
August 11, 2021 9:30:18 AM
IPO Guru (2000+ Posts, 1700+ Likes)
It appears higher revenue leads to higher loss. However counter still has enough interest to continue holding while keeping eagle watch
1167. DownriteVJ| Link| Bookmark|
August 10, 2021 10:35:38 PM
IPO Guru (1400+ Posts, 1200+ Likes)
India''s Zomato Ltd reported a bigger loss for the quarter ended June in the first results update since its listing last month, hurt by higher expenses and as the food delivery company''s dining-out business took a hit due to the pandemic.
Zomato incorporates Zomato payments limited. A subsidiary of Zomato.
1162. ipobull| Link| Bookmark|
August 2, 2021 11:40:26 PM
IPO Guru (1000+ Posts, 1000+ Likes)
Long term support for the stock shall be 129 in leu of 125 earlier. Accumulate if it comes down to 131, which I will be doing. But, do please watch out for its quarterly results.
आप किस भाव खरीदोगे बता सकते क्या? १२६ सही रहेगा? मैंने १२६ का ही ट्रिगर लगाया था लेकिन बुलिश ट्रेंड देख कर मार्किट आर्डर प्लेस कर दिया था १४५! अब १३० से ऊपर का नहीं लगाऊंगा चाहे ट्रैन मिस क्यों न हो जाए और ३०० पहुंच जाये!
I''m expecting 110...to enter... let''s see Q1 results 2022 to decide the movement.
1159.3. ColdBurger| Link| Bookmark|
July 31, 2021 12:10:45 AM
IPO Mentor (1400+ Posts, 400+ Likes)
Ok may it go below listing price any day. Still i have bought again small amount today. Easy to track if in portfolio. 3 purchase and 2 sale of zomato done in 4 days :)
1159.4. ipobull| Link| Bookmark|
July 31, 2021 1:21:07 PM
IPO Guru (1000+ Posts, 1000+ Likes)
@ Cold Burger 125 is going to be a long term support for the stock. It will not go below its listing price. Many investors are booking profit to invest in flurry of IPOs which are coming. You took a right decision to keep some in portfolio.