A mixed business is happening today in the stock market. The market remained flat in the initial Karabar, but the market reached the lower level after RBI MPC meeting decisions (RBI MPC Meet 2025 Update). This decline did not last long and the market recovered for a while. Zomato Share is trading rapidly amidst market fluctuations. In today’s trading session, Jomato shares remain in focus.
While writing the news, Jomato shares were trading 1.52 per cent to Rs 232.54 per share.
Why is the share in focus?
Jomato updated after the market closure on Thursday that the new name of Jomato has been approved Eternal at the Board of Meeting. Market experts believed that investors would be disappointed with this decision of Jomato but it did not happen. Jomato shares have been trading fast since this morning. Now the question comes as to why Jomato is changing its name.
Jomato CEO Deepinder Goyal told social media X that Jomato is being rebranded. In such a situation, now Jomato’s website will change from Zomato.com to Eternal.com. Apart from this, the stock ticker will also change from Zomato to Eternal.
What is the opinion of brokerage?
SEBI registered market expert Vipin Dixena said Zomato’s overall chard is being a very weak show. Stock is trading below its short term and long -term moving average. The stock may continue to fall in the coming business sessions. Vipin Dixena advised to sell the stock. For this, he has kept the target price of Rs 242 and Stoploss Rs 205.
Head of Research of Lakshmishree Investment, Anshul Jain advised to buy shares of Jomato. Jomato has a solid base zone of ₹ 200-230. Jomato shares may soon reach the highest house of Rs 300. This stock may soon touch the highest level, so the investor should focus on it.
Share Performance
Jomuto’s shares remain in focus on the day the stock market. In the last six months, the stock has given negative returns of 12.47 percent. At the same time, the stock has given a great return of 65.58 percent in the year. Jomato’s highest level of 52-week is Rs 304.70 and the minimum level of 52-week is Rs 139.00. Jomato’s M-cap is 2.11 lakh crores.
Disclaimer: This information is only for information purposes and should not be understood as investment advice. It is recommended to consult a financial advisor before making investment decisions.