People on socials have been mentioning a lot on Zomato/ Blinkit in last few months, is it impacting the share price?
In the last 2 years as share price of Zomato has rocketed by 5X, one might think a lot of retail investors are buying into the story. Also because more & more people are now getting to know & experience quick commerce i.e. Blinkit – loyal customers tend to become shareholders more often! (agreed?)
One must note that Zomato’s listed shares have witnessed roughly 45% of its equity being sold by top PE funds & others in last 2 years ever since the lock in restriction by SEBI got over since 25th July, 2022 (which is 1 year post listing). Sellers include Uber, Alibaba Group, Tiger Global Management, Sequoia & more. So there is a huge gap inform of free float that got added, retail investors might have filled some of that gap, right?
BUT DATA TELLS A DIFFERENT STORY!
Retail investors own barely 8% of Zomato and their holding has not increased (rather falling over 2 year period!). Neither do analysis of google search trends confirm any rise in interest in share price of Zomato in last many months!
This week we presented a detailed analysis on fast changing share holding patterns of Zomato in the last 2 years on ‘Finding Outperformers’!
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