Zomato Closing Price Settles Near Opening, Fails to Brush Off Competition Concerns

20th March, 2025 / 3:30 PM

Zomato shares closed at ₹224.47 on the 20th of March 2025, which is 0.67% lower than the day’s opening price of ₹226. The closing price on the 19th of March was ₹223.53, which is 0.42% higher than the same, which should be an optimistic development for the stock. Share prices opened at ₹218.50 on the 19th, after opening at ₹204.28 and ₹200 on the 18th and 17th of the month. 

Interestingly, they closed on the 18th and 17th at ₹218.19 and ₹203.69. This shows decent gains on the 18th in comparison to the 17th of March 2025, while there were three straight days, where the stock closed higher than its opening price. However, the trend has been bucked today, particularly with intense competition concerns in the QC (quick commerce) segment being raised by Jeffries and other investors. The stock failed to brush it off, with prices falling and then stabilizing at ₹225.36, before again falling a little to ₹224.94 in midday trading. 

20th March, 2025 / 12:30 PM

Zomato share prices are currently trading at ₹224.94, recovering by 0.63%, after witnessing a sharp plunge in intraday trading, driven by analysts raising concern over intense competition. This mainly came about due to Jeffries highlighting its concerns regarding growing competition in the quick-commerce space, where Zomato is a leading player with Blinkit. 

Despite recovering steadily from the slump, prices fell slightly from the temporary threshold of ₹225.36 to the threshold mentioned above. The buy quantity for the shares currently stands at 14,80,434, while the sell quantity stands at 30,72,344. Shares may recover further after initial market fluctuations settle, with a forecasted closing close to the earlier day (19th March 2025).

20th March, 2025 / 9:30 AM

The Zomato share price opened at ₹226 on 20th March 2025 as compared to the previous closing price of ₹223.53 on the 19th of March 2025. This indicates a percentage growth of 1.10%. 

The share price opened at ₹218.50 on 19th March 2025 while the opening and closing prices were ₹204.28 and ₹218.19 for the 18th of March 2025. On the 17th of March 2025, prices opened at ₹200 and closed at ₹203.69. The 52-week high and low for the stock are ₹304.70 (9th December 2024) and ₹146.30 (4th June 2024).

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