Zomato Shows Resilience Amid IT Sector Decline, Faces Investor Participation Challenges

Apr 01 2025 11:00 AM IST
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Zomato Ltd has become one of the most actively traded stocks today, with over 23.6 million shares exchanged. Despite a general decline in the IT - Software sector, Zomato's stock showed a modest increase. However, it is trading below key moving averages, indicating potential performance challenges.
Zomato Ltd, a prominent player in the IT - Software industry, has emerged as one of the most active equities today, with a total traded volume of 23,644,094 shares and a total traded value of approximately Rs 47.94 crore. The stock opened at Rs 201.7, matching its previous close, and reached a day high of Rs 205.0 before settling at a last traded price of Rs 204.04.

Despite the overall downturn in the IT - Software sector, which has seen a decline of 2.04%, Zomato has outperformed its sector with a 1.02% increase in its stock price today. However, it is noteworthy that Zomato is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential trend of lower performance over these periods.

Investor participation appears to be waning, as evidenced by a significant drop in delivery volume, which fell by 61.97% compared to the 5-day average. Nevertheless, the stock maintains sufficient liquidity for trades, with a market cap of Rs 1,97,591 crore, categorizing it as a large-cap stock. Overall, Zomato's performance today reflects a complex interplay of sector trends and individual stock dynamics.
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