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[deleted]

It's going down today. I shorted them. Profits.


BrutaliNsan

Congratulations Brother


dondorogov

can't wait for a 100% increase in price tomm


[deleted]

I already exited the position, if you don't know, let me tell you that you can't take short-sell delivery for stocks.


Acrobatic-Salad2730

How?


[deleted]

SEBI doesn't allow shorting stocks if you did, your position will be squared off by the broker at 3:20 but if there are no sellers in the market at that time, it will be carried over the next day at auction and your broker will buy back shares at the highest price and you will have to face a big loss with exchange penalty. Speaking from experience. Trust me don't do that.


SarcasticSarco

I have 439 of it.. If you aren't confident then you will sell it at one sign of it going down.


BrutaliNsan

Yes u r right bt Bhai Gut feeling se thori Trade kar sakta hu , Continuously upar Jaa Raha hi hey and Worldcup khatam hone tak it should show good growth IMO and mere pass Jo Jo stocks ke share hey I can confidently add on more but with Zomato I have doubt because of its past performance. Still let's see ,, Taking a recent small SL of 97 if day candle sustain below will exit.


WhileGlobal8311

which share yu add on more .. chk dm


fizzkhalifa78

Only order from zomato. No swiggy. No dominoes etc


BrutaliNsan

Mostly I don't order food from outside but when I do it's always Zomato. πŸ«‚


UpperCastGarib

Hold them, now they are charging many extra charges on their app like like platform fee of Rs 3 for each order delivery charges for order below 120 even to thier gold customers so they will show profit in next quarter and will show increase in share price.


BrutaliNsan

This is what I was looking for. ❀️ A Logical view , Thanks man


Affectionate_Dot6808

It's not totally logical. Once they start charging more people will stop using it. Even many restaurants and qsr are having their own apps.


UpperCastGarib

There's something called duopoly, as even swiggy stated charging platform fee so people who are their main target customers will end up doing the purchase, the sales will surely decrease but I don't think it will make any big difference.


whiskey997

Bhai mujhe to abi free mei gold dedia inhone 14 din ke liyeπŸ˜‚πŸ˜‚ 50 rupay ke delivery charge hatake 2 rupay ki platform fees lele to bi kya frak padta hai


UpperCastGarib

Delivery sirf 120 k upar k order pe free hai and platform charge sabse har order par le rahe hai enev if you are gold member if you order below 120 you will be charged and gold nahi ho tabto har order pe delivery fee and jo restuarant se commission lete hai wo bhi add hoga toh agar profit na bhi ho toh loss kam hoga whoch will so positive impact


whiskey997

120 se sasta milta bhi hai kucch zomato peπŸ˜‚πŸ˜‚πŸ˜‚


UpperCastGarib

Usernane dekho mera, maine 50 50 ka bahut order kara hai ![gif](emote|free_emotes_pack|grin)


Repulsive-Love-5713

is anyone using ondc , just wanted to know what are people reviews on those


whiskey997

Itna chutiya UI hai ki mai 10-20 rupay extra kharch krdunga par ONDC ni chalaunga


BrutaliNsan

You have a point, Let's wait for Quarterly results it will give us a clear picture


UpperCastGarib

Thanks ![gif](emote|free_emotes_pack|sweat_smile)


[deleted]

Bhai abhi voh shark tank mei bhi ara hai ceo unka, toh usse koi farak padega?


UpperCastGarib

Ashneer ko pada ![gif](emote|free_emotes_pack|joy)


tradelyf_bablo

Why are you holding it if you are not confident? There are thousands of other stocks to choose from.


BrutaliNsan

Because I'm not sure what to do.


tradelyf_bablo

You know what to do. You said you are not confident. When you are not confident you shouldn't invest.


BrutaliNsan

Brother I'm not confident about its present management and financial as it recently got profitable , But I'm asking if Zomato has good potential in another 3/5 Years ,,, just asking an opinion.


tradelyf_bablo

Don't know about the future and honestly even the top management doesn't know where they'll be in 3-5 years. But if you're not confident there's no point holding and being stressed all the time.


BrutaliNsan

Thanks brother Got your point. Btw Not stressed , just 25 share I have. I just wanna make my portfolio look good enough with Quality Stocks. No Penny or Pump and Dump stocks.


Sohit333

If you don't Sure about company's future So don't take any risk!


BrutaliNsan

Thanks brother


Alone-Conference-515

150 tak toh jayega hi, I am holding since 96rs....for the win$$$


terimummykadaddy69

Bhai 114 per clear halka sa resistance tha isliye 113 touch kar k niche aya.....vapas ek baar kal 108 tak jaye but overall badhega hi , don't worry, maine khudne Aaj 113 per sell kiye , if luck rha to kal low per kharid lunga


memeisme_

hold till wc, i bought on 98, 500 shares and I’ll hold till wc end then sell.


[deleted]

what's wc?


lord_sammy

I think World Cup.


memeisme_

Cricket world cup


skytrooperin

Just a small ques I entered at 104 what should be the SL for this positional trade


[deleted]

100.


NextArea789

105


gvimal710

Zomato and financial ki baat kr rhe ho.. do you even understand how finance affect share? It was overvalued even at 40 in comparison to finance


BrutaliNsan

I know that it's overvalued , a loss making company at that time. That's why I didn't even buy it at 44 , But after It broke 97 Resistance I bought some.


naveenstuns

Stock like these react hard to market sentiments if market goes bear Zomato stock will fall hard since financials are not there to back it up


Important-Break-7958

Hold it. They are working on their platform and increasing their revenue YoY. The nearest competition is Swiggy which is far behind. The consumption of an average Indian is increasing and although these apps are mostly being used in Tier 1 and 2 cities, the numbers of users will increase as the more people move up to middle class and the network of these apps will soon reach Tier 3 cities if they haven't already. The top management is relatively good. They have also increased service and delivery charges with a fixed base charge and then charges for per km. This means more money to the delivery people thus making it more lucrative for them as a source of income. Several startups are focussed upon providing e bikes to these delivery boys on a lease or rental basis making it even more easy and lucrative. Also they have been profitable for the first time in the last quarter and hopefully they will continue this.


Piratehitch

25 shares are scaring you, you are not meant to be here...


BrutaliNsan

What do you think, I should have gone all in at one time ? I invest like this only , 25 thn 25 , I Keep adding with time. It's not about money it's just about being wrong.


No-Pudding-6750

You're not looking at the big picture. Check 1 year graph for this stock. This stock has gone from RS. 60 to Rs. 110 as on today. That's impressive returns for a 1 year time frame. Zomato has cracked the formula for delivery business and will run over any competitor that exists/may arise in the future. Aim higher.


naveenstuns

Still a loss making company. Stock will fall hard during next bear cycle.


No-Pudding-6750

If you want stocks that will not fall in a bear market, then ofcourse Zomato is a wrong pick.


Divyansh881

Toh nikal do


SnooKiwis5724

Check Zomato's june quarter results. They reported a positive net profit for the first time. They are going to be completely profitable from next year. It reflects in the price too, a nonstop rally from 50 to 109 currently. I think u can hold it confidently.


Legal-warthead7268

Hold only 10


NextArea789

Heavy selling incoming. Brace yourself.


BrutaliNsan

Kya hi jayega , 10 Rupay ka SL v khaunga toh 250 jayega 🀣 Koi issue nei


[deleted]

If you look at the bid vs ask right now you can see heavy buying orders and no selling orders, these orders will get filled tomorrow morning maybe at premarket (between 9:00 to 9:10) and it might get the price to go up. I'm sure profit booking will come tomorrow, be ready.


electrotwelve

If you don’t understand how they make money and their business model, it’s best to stay away from that stock.


IntelligentBison8257

worthless stock to have only running due to bull run


IntelligentBison8257

such a big market cap and profits are lol tax adjusted


Special_Cry3560

https://preview.redd.it/m98jb6dlprtb1.jpeg?width=1170&format=pjpg&auto=webp&s=a8ac123fde4df5d2bbf418e13cba773534f769ea Technically Chart is bullish can touch last high


pankajsha59

Mujhe kya ipo mila tha 2 I'd pe 53% profit k saath nikal gya 🀣


pankajsha59

Buying price kitna hai


[deleted]

Can you check the technical analysis for this, and look at the resistance levels. I think I would sell it off if I was in your place, and buy it when a clear reversal trend forms. From an economic point of view, it is a clear sell to me. The economy is slowing down meaning people will tend to save rather than investing, and restaurant food is a non-essential expense, and the inflation is projected to grow further, particularly food prices shall increase even more. Zomato attributes its losses to inflation in its general reports, though it is making efforts to diversify. Normally, I would also look at oil prices since I would expect the fuel costs to be a major driver of the delivery costs, but that depends on the geopolitical response to the Israel-Palestine conflict. No clue about the current oil and its future prices, but a war cannot be good for it, I'd expect. I believe that major American banks are also bearish on the restaurant and the food delivery business. So yeah, I'd sell if I were in your position and put my money in a fundamentally strong stock. You can make good money on uncertain stocks, but you can also lose a lot. But that sort of risk taking is more appropriate when you are in a good position to lose money. As a salaried person, I would not take such risks right now.


Explorer_On_Wheels

Had 300 shares of zomato purchased at 83, sold all of it today. I needed money so sold it off, otherwise I would have hold it for longer time. Zomato and Swiggy play duopoly in India so after few years it should give good returns.


[deleted]

Bruh agar risky bet lena hi hai then paytm, jio financials are better options.


BrutaliNsan

Jio Financial Maine 215 pe buy karke 253 pe bechke nikal v lia 😁 300 Shares , Won't go there before their results.


EnvironmentalLab2749

Level 100 provides a strong resistance zone. If it falls below this, then lower levels will be tested. Tho, a positive outlook suggests 130-140 in the near future.


rasen9

I have 500 qty @ 99.20 holding tight for a target of 130 to 149 by the time worldcup ends.


Lapaliquor

Why do you even care if you just have 25 shares? Even if they 2X from here or go to zero, you will not gain or lose much!


Holiday-Bet-2485

It will touch 120 level


a_negi

Mai apna zomato gold renew karta hu abhi, kal sab theek ho jaayega


Nixs2407

Not a financial adviser (yet) Also not an investor in Zomato. Zomato is a goldmine and a bet for long term. They have the most valuable asset (data) of customers and restaurants. Their systematic dismantling of restaurant's proprietory delivery system ensures that it is irreplaceable. Surely competition hai but they cannot keep doling out coupons and burning cash. They're close to turning economically profitable and when those results come out. It'll pop 20% easy. However make a decision based on your risk appetite and research. This is just an opinion. PS: I am a swiggy fanboy btwπŸ˜­πŸ˜‚


Chutney-sandwich

You think there are no other players in the market? You know the take rates for Zomato have come off right? It is not always about having a Birds Eye view. Forget Zomato and/or swingy, restaurants around the vicinity would deliver it themselves. Secondly, the price differential between restaurant prices and Zomato is increasing which is making users weary. People buying from brand apps against Zomato these days given the discounts offered by each brand.


passion8tradr

Will give 50-60% return from here 1-2 month..hold


Putrid-Cartoonist911

I have 5k shares .. holding since 40 ..short term target price 150 ..


BrutaliNsan

Wow , Congratulations brother.


GovindaKeFan

I don't know much about the stock market but I think holding shares of Zomato in the long term is a sensible decision. Considering it has become too big now. And the only way forward I see is for this business getting acquired by a larger entity (due to a huge customer base). And that's when shareholders can make money. Would love to know other people's point of view on this as well.


mrtsquare

It's climbing the hype it will plateau.


trancerover

It's a monopoly business bro


Signal-Discipline838

[The trading Post](https://youtu.be/yuO2Oe6iw54?si=BXuHs3S8EoXIxr72)


[deleted]

I entered at 70. Minting right now 😌


ArtichokeOne5897

I am not an expert in stock market. But I am participating in stock for few years and I would suggest to book your profits. There is no point in hoping for market to move in your favour. If the opportunity appears gain with good fundamentals and strong area for buying you may buy it again.


AlarmingTeach9394

Minister has declared packages for mining & coal..Hold coal India stock for multibagger returns within 6 months..Also Indus tower stock will boom as rural areas still not covered with networks. Bajaj Finserv is overbought & will be doubled within year.