Zomato stock prices are influenced by various factors. Market Sentiment: General investor optimism or pessimism towards the stock market, particularly concerning growth stocks, can impact Zomato's share price.

Company Performance: Zomato's financial results, including revenue growth, profitability (or path to profitability), order volume, and average order value, significantly affect investor confidence.

Competition: The competitive landscape in the food delivery market, including rivals like Swiggy and new entrants, impacts Zomato's market share and pricing power, influencing its stock value.

Regulatory Environment: Changes in regulations related to food delivery, online commerce, or labor laws can affect Zomato's operational costs and future prospects.

Economic Conditions: Overall economic growth or recession, inflation rates, and consumer spending habits influence demand for food delivery services, impacting Zomato's revenue.

Technological Advancements: Adoption of new technologies that enhance efficiency or improve customer experience, or conversely, being slow to adapt, can affect Zomato's competitive edge.

Investor Perception of Future Growth: Expectations about Zomato's long-term growth potential, particularly in emerging markets or new business ventures, drive investor interest and valuation.

Global Events: Unexpected events like pandemics or geopolitical instability can disrupt supply chains, consumer behavior, and overall market sentiment, affecting Zomato's stock performance.

Valuation Metrics: Investor assessment of Zomato's valuation relative to its peers, using metrics like price-to-sales ratio or discounted cash flow analysis, shapes market perception.

Management Strategy: Key strategic decisions made by Zomato's management team, such as acquisitions, expansion plans, or product diversification, impact investor confidence and stock price.