You’ve probably seen the green ticks on your screen today. Zomato share price today is hovering around ₹299.25, marking a solid 1.6% jump that has caught many retail investors off guard. Honestly, the stock market can be a weird place; just when everyone starts complaining about delivery fees, the stock decides to take a hike.
The intraday action has been pretty lively. After opening at ₹292.50, the price swung between a low of ₹291.00 and a peak of ₹299.90. It’s almost teasing that ₹300 mark, isn't it? If you look at the volume, we are talking about roughly 4.85 crore shares changing hands on the NSE and BSE combined. That is not small change.
But here is the thing: looking at just today’s price is like judging a 10-course meal by the first bite of the appetizer. There is a much bigger story playing out with Deepinder Goyal’s "Eternal" empire.
Why Zomato Share Price Today Is Defying the Skeptics
Most people think Zomato is just about food delivery. That’s an old way of thinking. Basically, the market is currently pricing in the absolute explosion of Blinkit and the newer "District" app.
- Quick Commerce is the Real Engine: Blinkit is no longer a side project. The management recently moved their target for 2,000 dark stores up to December 2025. They’re essentially sprinting while everyone else is still tying their laces.
- The Profitability Pivot: Remember when Zomato was losing hundreds of crores every quarter? Those days are fading. For the full year FY2026, revenue is expected to touch nearly ₹21,320 crore with a projected net profit of around ₹527 crore.
- Institutional Confidence: Foreign institutional investors (FIIs) currently hold about 36.2% of the company. When the "big money" stays put despite market volatility, it sends a signal to everyone else.
The technicals are also flashing some interesting signs. On January 13, the stock saw a 200-day moving average crossover. Historically, for Zomato, this specific signal has led to an average gain of about 5% within the subsequent 30 days. It’s not a guarantee, but it’s definitely something the "chart people" are whispering about.
Comparing Zomato to the Peers
It’s a bit of a lonely world at the top. While Swiggy is out there doing its thing, Zomato’s stock has outperformed it significantly over the last month. While Swiggy has seen some downward pressure (down roughly 16% in the last 30 days), Zomato has remained relatively flat to slightly positive, showing a weirdly resilient "buffer" against broader tech sell-offs.
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UBS recently slashed targets for several tech players due to "fierce competition," yet 29 out of 33 analysts still maintain a "Buy" rating on Zomato. That is a massive consensus. The average price target being floated around is roughly ₹379.84. If you do the math, that’s a potential upside of nearly 26% from where we are sitting right now.
The Risks Nobody Mentions at Dinner Parties
It isn't all roses and 10-minute deliveries. The aggressive expansion of dark stores for Blinkit is expensive. Very expensive. We saw consolidated Adjusted EBITDA decline by 14% quarter-on-quarter recently because they’re burning cash to build warehouses.
Then there is the "demand softness" in core food delivery. People are eating out more, or maybe they’re just getting tired of the platform fees. The Gross Order Value (GOV) growth in food delivery slowed to about 2% QoQ recently. If that trend continues, the heavy lifting will fall entirely on quick commerce, which is a risky bet if Zepto or BigBasket decide to start a price war.
Technical Levels to Watch
If you're tracking the zomato share price today for a potential entry, keep these numbers on your sticky notes:
- Support Level: ₹286.80 (200-day EMA). This is the floor. If it breaks this, things could get messy.
- Resistance Level: ₹324.00 (Upper Circuit). The stock has struggled to stay above ₹310 in previous sessions.
- The "Dream" Target: ₹368.45. That's the 52-week high. Getting back there requires a stellar Q3 earnings report.
Actionable Insights for Investors
If you’re holding Zomato, the current "Mild Upward" momentum suggests patience might be your best friend. The company is transitioning from a "growth-at-all-costs" startup to a diversified consumer tech giant.
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- For the Long-term: Watch the "District" app adoption. If Zomato successfully captures the "going-out" market (movies, events, dining), they own the entire weekend spend of the Indian middle class.
- For the Short-term: Keep an eye on the upcoming earnings date around February 4, 2026. Earnings season always brings volatility, and with Zomato, it’s usually a roller coaster.
- Risk Management: Don’t ignore the high P/E ratio. At over 1500x (TTM), the stock is priced for perfection. Any miss in growth numbers could lead to a sharp 10-15% correction.
Ultimately, today's price action is a reflection of a market that is starting to believe in the "Eternal" ecosystem. Whether you're a buyer at ₹299 or waiting for a dip to ₹280, the story here is no longer about delivery boys—it's about who owns the logistics of the Indian household.