Zomato share price jumps 1% today after Q4 loss narrows to Rs 187.60 cr; should you buy, sell, hold Zomato? Zomato share price jumped 1.04% to Rs 65.21 today after the food delivery company’s net loss narrowed to Rs 187.60 crore in Q4FY23 from Rs 359.70 crore in the same quarter last year. Zomato shares have risen 16% in the past one month and 12% in the past one year. At the current market price, the company’s market capitalisation stands at Rs 55,944 crore. The company posted revenue from operations at Rs 2,056 crore, up 69.7% from Rs 1211.80 crore in the fourth quarter last yearShould you buy, sell or hold Zomato stock?Emkay: Buy – Target Price: Rs 90 (38% upside) “Zomato aims to expand food-delivery EBITDAM to 4-5% of the GOV from the current 1.2%. The superior Q4 performance bolsters our belief in Zomato’s ability to execute & deliver profitable growth. Improvement in consumer sentiment is expected to drive GOV/MTU growth. We maintain BUY on Zomato with a target price of Rs 90 per share,” said analysts at Emkay. “We continue to remain bullish on Zomato’s long-term growth prospects in the hyperlocal delivery space. We continue to value the consolidated business using a 15-year DCF (WACC of 13% and Tg of 6%) to arrive at a Jun’24 FV for Zomato of Rs 105 (vs. INR 100 earlier). Implied FY26 PER on our target price works out to ~63x while the stock currently trades at c.39x,” said analysts at JM Financial.
If a SEZ unit has second hand/used/old condition equipment and is being used for less than two years, they can not be shifted to DTA.
“Import of any used IT assets which do not fulfil” these criteria “shall be subject to licence for restricted import,” it said adding these relaxations will be applicable on the condition that no exemption has been availed from any regulatory requirements, that is Compulsory Registration Order (CRO), Restriction of Hazardous Substances (RoHS), and WPC (wireless planning and coordination) import licence,” the notification said.
If a SEZ unit has second hand/used/old condition equipment and is being used for less than two years, they can not be shifted to DTA.
“Import of any used IT assets which do not fulfil” these criteria “shall be subject to licence for restricted import,” it said adding these relaxations will be applicable on the condition that no exemption has been availed from any regulatory requirements, that is Compulsory Registration Order (CRO), Restriction of Hazardous Substances (RoHS), and WPC (wireless planning and coordination) import licence,” the notification said.