Zomato hits new 52-week high; inches closer to ₹70,000 cr m-cap
At present, the company's stock is trading 98.02% higher than the 52-week low of ₹40.55, which the company touched on July 27 last year.
At present, the company's stock is trading 98.02% higher than the 52-week low of ₹40.55, which the company touched on July 27 last year.
The company's better-than-expected March quarter results as well as the revision in discounts by ONDC (Open Network for Digital Commerce) have aided the investor sentiment.
The food-tech major also narrowed its net loss by 41.6% to ₹251 crore in the July-September quarter against ₹430 crore in the year-ago period.