The loss of the company is increasing, this is the advice of experts in this stock

Zomato Loss: On Wednesday, Zomato announced its quarterly results. According to the results, the company’s net loss increased to Rs 429 crore in the July-September quarter from Rs 229 crore in the same quarter of the previous financial year. At the same time, the company had a net loss of Rs 356 crore in the June 2021 quarter.

On the increased losses, Zomato said that its losses increased in the second quarter due to the investment made for the growth of the food delivery business and spending on branding and marketing to add more customers. Know now the opinion of the brokerage on the stock …

GS’s opinion on Zomato
GS has given buy rating on Zomato and the target has been fixed at Rs 185. He says that he has increased the FY22 GOV/Revenue estimate by 13%/9%. Zomato has estimated 51% FY21-25 CAGR on GOV as against 46% earlier. It is well positioned in online food delivery.

MS’s opinion on Zomato
MS has given equal-weight rating on Zomato and has fixed the target of Rs 140 per share. He says that its GOV stood at $721 million (+19.2% QoQ, +158.2% YoY) while our estimate was $59 million. In food delivery, there was a decline of 1.2% in the contribution margin. The company’s net loss stood at $ 57 million, which was as per the estimates.

Jefferies’ opinion on Zomato
Jefferies has given a buy rating on Zomato and has set a target of Rs 170 for the stock. He says that MTU & GOV were positive in the second quarter, although due to this there was no profitability. The management now wants to move out of the non-core by shifting its focus from buy to build. They have increased its revenue and loss estimates.

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