Zomato shares surge 12%

Mumbai: Food delivery giant Zomato’s share rose 12 per cent after the company reported strong Q1 results. At 12.23 p.m., Zomato’s share was up 12.34 per cent at Rs 263. In today’s trading session so far, Zomato shares have touched a high of Rs 278 and a low of Rs 243. Zomato shares have been buzzing for the last one year.

Food delivery giant shares surged 206 per cent in the last year. It has given returns of 109 per cent since the beginning of this year, 81 per cent in the last six months and nearly 25 per cent in the last month. Zomato on Thursday posted over 126 times growth in net profit to reach Rs 253 crore in the April-June quarter (Q1 FY25), from Rs 2 crore in net profit in the same quarter last year.