News on Medial

Zomato Touches All-Time High At INR 173.45 During Intraday Trading

Inc42 · 1y

Shares of Zomato, the Indian food tech major, reached an all-time high of INR 173.45 on the BSE on Friday. The upward trajectory is attributed to the company's consistently improving fundamentals and favorable market conditions. Despite shedding some gains later in the day, Zomato closed the week at a record price of INR 166.5. The turnaround in Zomato's fortunes has been driven by the growth of its subsidiary Blinkit, which has been experiencing significant growth in its quick commerce business. Analysts are optimistic and expect the stock to continue its rally towards INR 200 in the coming months.