Zomato shares have witnessed rather volatile movements during the last couple of trading sessions. During the last trading session, Zomato stock had seen a modest fall. On January 19, 2025, the opening and closing prices of Zomato stock were at ₹245.05 and ₹248.75 respectively. Zomato's opening share price today, January 20, 2025, was ₹251 on the NSE. As of 12.40 am, the share price reached ₹253.10 which is a 1.75% jump from its previous close.
Although the stock is reporting a short-term low, some dramatic movement has been seen in this stock over the past year. Its range has been between a 52-week high of ₹304.5 and a 52-week low of ₹121.7. Thus, the latest Zomato stock update shows a level of volatility with some fluctuation.
Based on the technical indicators of Zomato shares, in the short run, it shows a moderate degree of being Bullish.
Moving Averages for the recent past are:
For Zomato’s stock, the simple moving averages are:
5-Day SMA ₹239.14
10-Day SMA ₹245.11
20-Day SMA ₹261.04
50-Day SMA ₹271.67
100-Day SMA: ₹268.82
300-Day SMA: ₹248.98
These numbers show that the short-term trend for Zomato's stock price has been falling gradually, but the long-term trend is stable and may bounce back.
The Zomato stock is drifting in the oscillating range of major support and resistance points. The intraday support point is at ₹242.6, while the resistance point is at ₹252.9 which the stock recently broke. Thus, depicting a bullish breakout.
The current market capitalization for Zomato is ₹225,536 crore which reflects the huge level of presence that the company has in the market. The trading volume on the Bombay Stock Exchange of Zomato was 2,711,604 shares in the last session, which shows a high degree of market activity.
The company’s stock price volatility seems to have had the backing of a somewhat fragile recent financial performance from Zomato. Q2 FY2024-25 showed net profits at ₹1.76 billion, it grew compared to last year's Q2. However, it wasn't entirely a good trend given that this year saw rapid expansion. The company focused on high pressure on expansion and revenue growth in FY2024.
Recently, Zomato's market capitalization has also overtaken Tata Motors and Bajaj Auto. The strategic acquisition of Blinkit by Zomato makes it the most dominant company in quick commerce. It is set to lead the food delivery and e-commerce sectors.
The future regarding Zomato shares also seems positive. Projected stock for the next five years shows a trend for a good outlook of the stock:
2025: ₹245.54 to ₹336.85
2026: ₹330.79 to ₹423.10
2027: ₹428.47 to ₹530.78
2028: ₹536.15 to ₹648.46
2029: ₹655.89 to ₹889.44
2030: ₹771.13 to ₹1926.2
These forecasts may very well be on the growth trajectory of Zomato stocks, which may be driven by revenue and income growth. However, short-term market conditions and efforts of strategic margin increase of Zomato in the market should be observed keenly by the investors.