🛵 Zomato 🛵
Q4 Results: Net loss almost tripled to Rs.359.7 Cr from Rs.134.2 Cr in the same period last year. With revenue up by 75% to Rs.1211.8 Cr annually.
Financials:📊
❧ Compay's total expenses doubled to Rs.1707 Cr from Rs.885 Cr YOY.📉
❧ Its average order value increased from Rs.397 in 2020-21 to Rs.398 in 2021-22.🛵
❧ The company also mentioned that they faced issues with the availability of delivery partners in a few of the major cities.🛵
❧ Zomato launched🍲 in more than 300 new cities and is now present in more than 1000 cities and towns across the country.
❧ The company has a market cap of Rs.44919 Cr.
❧ Considering the shareholding pattern company has 83.6% with the public, 10.4% with FIIs, 3.1% with DII, 2.9%, and 0% with promoters.📉
❧ Gross order value grew by 6% quarter on quarter.📊
❧ FII/FPI decreased holdings from 11.31% to 10.34 % in Mar 2022.
❧ The number of FII/FPI investors reduced from 555 to 510 in March 22 Quarter.
❧ Mutual Funds decreased holdings from 3.88 % to 2.82% with the number of MF decreasing from 21 to 14 in the March quarter.📉
❧ Zomato's share price has fallen by 59.82% from its listing price.📉
Technicals:📊
❧ The company has a weak chart structure.📉
❧ Stock is currently moving in a range from the last few trading sessions.
❧ RSI showing the weakness with currently at 36.51📊
❧ Stock is moving below its 50 DMA levels continuously.
❧ At the current stage, the stock can be avoided for long opportunities as there are no signs from a technical stand point.📊
❧ Traders may look for short selling opportunities after breaking the range on the down side.
Disclaimer: The information mentioned above is only for educational purposes. Kindly contact your financial advisor before trading/investing 💰
Please post your views/queries in the comments below. 👇
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