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Reading: Zomato shares in focus after launch of AI-backed buyer help platform Nugget
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StockWaves > Financial News > Zomato shares in focus after launch of AI-backed buyer help platform Nugget
Financial News

Zomato shares in focus after launch of AI-backed buyer help platform Nugget

StockWaves By StockWaves Last updated: February 18, 2025 3 Min Read
Zomato shares in focus after launch of AI-backed buyer help platform Nugget
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Contents
Zomato shares goal valueZomato technical indicatorsZomato shares efficiency
Zomato shares will stay in concentrate on Tuesday after CEO Deepinder Goyal unveiled Nugget, a synthetic intelligence (AI)-backed buyer help platform, which powers its meals supply enterprise, fast commerce vertical Blinkit and Hyperpure.

“Nugget helps companies scale help effortlessly—extremely customizable, low-cost, no dev workforce wanted. No inflexible workflows, simply seamless automation,” Goyal stated in a put up on X.

🚀 Introducing Nugget—an AI-native, no-code buyer help platform.

Nugget helps companies scale help effortlessly—extremely customizable, low-cost, no dev workforce wanted. No inflexible workflows, simply seamless automation.

✅ Resolves as much as 80% of queries autonomously
✅ Learns &… pic.twitter.com/pnVrUEhmcd

— Deepinder Goyal (@deepigoyal) February 17, 2025

The corporate developed Nugget as an inner device over the previous three years, and it now helps over 15 million interactions monthly on its platforms. “We’re now opening it as much as companies worldwide—90% of firms who’ve seen Nugget have signed up,” he added.That is the primary product from Zomato Labs, the corporate’s incubator for in-house improvements.Additionally Learn: Shares in information: Zomato, Paytm, SBI Card, GMR Airports, Uno Minda, Ajax Engineering

Zomato’s board earlier this month authorised a decision to alter the identify of the meals and grocery supply agency to Everlasting Ltd. Everlasting will home the corporate’s 4 companies – meals supply platform Zomato, fast commerce agency Blinkit, going-out choices below District, and business-to-business grocery provide vertical Hyperpure.Additionally Learn: Radhakishan Damani, Jhunjhunwalas & different high buyers lose Rs 81,000 cr in market rout

Zomato shares goal value

As per Trendlyne information, the common goal value of the inventory is Rs 292, which signifies an upside of 33% from the present market costs. The consensus advice from 28 analysts for the inventory is a ‘Purchase’.

Zomato technical indicators

Technically, the inventory’s relative power index (RSI) is at 41.8. In line with Trendlyne, an RSI beneath 30 is taken into account oversold, whereas above 70 signifies overbought situations. Moreover, the MACD is at -7.8, which is beneath its heart line, this can be a bearish indicator.

The inventory is buying and selling beneath its 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day easy shifting averages (SMAs).

Zomato shares efficiency

On Monday, Zomato shares closed at Rs 218.5, up 1.2% on the BSE, whereas the benchmark Sensex surged 0.08%. The inventory has declined 21% year-to-date however gained 321% within the final two years. The corporate’s market capitalization stands at Rs 2,10,908 crore.

(Disclaimer: Suggestions, recommendations, views and opinions given by the consultants are their very own. These don’t symbolize the views of the Financial Occasions)



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