Motilal Oswal has issued a BUY recommendation for Zomato with a target price of Rs 320, representing a 21% upside from the current market price of Rs 265.

Market expert Sudeep Shah from SBI Securities has suggested two BUY Calls for short term traders.

Zomato’s recent acquisition of Paytm’s ticketing business for ₹2,048 crore signals a strategic expansion into the "Going out" sector, complementing its impending launch of the “District” app.

Zomato stock was trading firm after a block deal was reported early morning.

Indian markets were trading slightly higher on Monday but stock specific action has been keeping traders busy.

Payment services provider PAYTM share price surged in today’s session as the company founder Vijay Shekhar Sharma announced buying 10.3 percent stake in the company for USD 628 million.