Zomato shares up over 11% as it turns profitable
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New Delhi: shares of online food delivery firm Zomato Ltd zoomed nearly 11 per cent at the close on Friday, after the company reported its first-ever consolidated profit after tax of Rs2 crore in the April-June quarter of 2023-24. The stock climbed 10.68 per cent to settle at Rs95.43 apiece on the BSE. During the day, it jumped 14.11 per cent to reach its 52-week high of Rs98.39. On the NSE, it advanced 10.16 per cent to end at Rs95.35 per share. During the day, the stock rallied 13.69 per cent to its 52-week peak of Rs98.40. The company’s market valuation gained Rs7,901.43 crore to Rs81,871.18 crore. In volume terms, 141.06 lakh shares of the company were traded on the BSE and over 40.57 crore shares on the NSE during the day.
