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    Zomato shares fall 1.89% as Nifty gains

    Synopsis

    The stock quoted a 52-week high price of Rs 286.5 and a 52-week low of Rs 97.81.

    A broker reacts while trading at his computer terminal at a stock brokerage firm in MumbaiReuters
    Nifty continues to climb a wall of worry as it looks to be in the final leg of its rally before heading for a correction.
    Shares of Zomato Ltd. traded 1.89 per cent down at Rs 272.5 on Tuesday at around 01:59PM (IST), while the benchmark BSE Sensex advanced 129.46 points to 83118.24.

    As many as 1,953,525 shares changed hands on the counter with a total value of Rs 53.45 crore.

    The stock quoted a 52-week high price of Rs 286.5 and a 52-week low of Rs 97.81.

    On the technical charts, the 200-DMA of the stock stood at Rs 184.43, while 50-DMA was at Rs 246.58. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

    Shares of the company have advanced 164.46 per cent in the past one year, while Sensex has risen 22.52 per cent during the same period.
    Growfast

      According to BSE data, the stock trades at a price-to-earnings multiple of 398.39 and a price-to-book ratio of 7.75. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the Online Service/Marketplace industry.


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      (You can now subscribe to our ETMarkets WhatsApp channel)

      (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

      Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

      Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

      ...more
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