Zomato Closes at 3.40% Gains After Midday Recovery

21st March, 2025 / 3:30 PM

Zomato has closed at ₹227.50 which is 3.40% higher than the opening price of ₹220 today. The latter was lower than the closing price yesterday (20th March), i.e. ₹224.47. This 1.99% de-growth initially left investors slightly disappointed with the stock, although the opening price of ₹226 on the 20th of March was more than the closing price of ₹223.53 on the 19th of March 2025. Today’s opening was below the closing figures after three straight days of gains where the stock opened over the

closing price.

At midday, Zomato shares were trading at ₹225.69 which was higher than its opening price. There was a steady growth curve after an initial pick-up and slump to approximately ₹221. This could have been spurred by MCA approval for the name change to Eternal, although analysts did raise concerns regarding competition in its B2B business (Hyperpure) from Swiggy’s recent Assure B2B platform launch and also the head-to-head battle in the quick commerce segment. However, Zomato’s revival does show positive sentiments from investors regarding the stock and it could well hold its ground in the days to come.

21st March, 2025 / 12:30 PM

Zomato share prices were at ₹225.69 by midday, which is higher than the lower opening price of ₹220 that initially disappointed analysts. However, a lot of this may have to do with the MCA approval of its name change to Eternal and its efforts to better consolidate its multiple operations. After an initial slump or flat de-growth pattern where prices remained around ₹221 or whereabouts, the stock started picking up gradually and is now on the upward curve again. 

However, there are challenges ahead, in Swiggy rolling out its Assure B2B platform to compete with Zomato’s Hyperpure and persistent concerns regarding the profitability of the quick commerce business. Yet, for now, if the stock continues the positive momentum, it may close comfortably higher than the opening price. 

21st March, 2025 / 9:30 AM

Opening at ₹220, Zomato share prices sprung a surprise on investors, as they were quite below the closing mark on the 20th of March 2025, i.e. ₹224.47. The percentage de-growth is approximately 1.99%. If we look at opening prices on the 20th, they were at ₹226, higher than the closing prices of ₹223.53 on the 19th of March. Similarly, opening prices on the 19th of March were ₹218.50, higher than the closing prices of ₹218.19 on the 18th of March. The pattern was also seen to be similar with opening prices of ₹204.28 on 18th March and closing prices of ₹203.69. 

So, after three straight days of opening (even if marginally) above the closing price, Zomato has bucked the trend and started trading below the closing price today. Even though it could pick up by midday, experts anticipate that the stock may witness continued fluctuations due to intensifying competition in its QC segment business and concerns raised by experts to this effect.

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