Zomato Stock Review and Why Zomato investment decision to invest in Indian startups can be a turnaround for the company
Zomato stock showed a great move yesterday and everyone is thinking to take the entry in the stock. especially the retailers, we thestockjournal are here to solve this problem of everyone. We also have made a video on youtube and uploaded that. Take a look at that. We have embedded that video at the bottom of this article. This article will give you knowledge about zomato stock analysis, Zomato company revenue in quarter 2, Zomato Company announcement on the investment in Indian startups. The company earlier said that it will invest $1 billion in Indian startups.
So we will be discussing all these points in this article if you are interested in investing and learning then stay tuned to this article.
Now the Zomato company fundamental analysis is strong. The company posted 1024 cr rupees revenue from the operations in quarter two and net loss widened to 429.6 crore rupees. In the same quarter, last year the company posted a loss of 229.6 crores so it almost doubled from that. The point here is last year company operation revenue was not near 1024 crore rupees. It was only 426 crore last year so you can understand and get the idea about the resulting outcome, Overall it is okay, not bad.
Zomato has stopped its operations from the international market and now focusing on domestic, Indian startups. The company has already invested a good amount approximately 100 million dollars in Groffers, now the company will be investing around 50 million dollars in Curefit. That will give them around 6% percent ownership of the company. The company will also invest in magicpin and shiprocket. Now over the next 2 years company is planning to invest 1 billion in startups. Which means more businesses more revenue and more company growth.
The Company has good fundamental reasons to go up and now let's discuss the technical Analysis of the Zomato.
Zomato broke out the range with a big candle indicating the strong force of buyers. This is the daily chart. It is showing the presence of strong buyers in the seller's area. We have marked the sellers' area in the chart from yellow circles. They are showing the area from where the sellers came last time. Now the buyers have crossed that area with a big candle and strong volume. Now if the sellers came down passively and are exhausted near the 140 then you can take the entry. We shall see this in the 1hr time frame to understand the sellers.
Now when the sellers will come if they get exhausted near the market area take the entry. Zomato stock has both fundamental and technical reasons to take entry. In our opinion, stock and company have a solid future. Check out the analysis of M&M.
This is the video of zomato analysis, watch it to fully understand the logic behind this analysis.