Zomato hits over 1-year high on extended buying; up 101% from 52-week low

Shares of Zomato hit 15-month high of Rs 86.37, gaining nearly 2 per cent on the BSE in Friday’s intra-day trade, in an otherwise weak market. The stock price of the food delivery platform company was quoting higher for sixth straight trading day, surging 11 per cent during the period. By comparison, the S&P BSE Sensex was down 0.52 per cent at 65,922 at 12:21 PM.

Zomato was trading at its highest level since April 2022. The stock has more-than-doubled, bouncing back 101 per cent from its record low level of Rs 40.55, touched on July 27, 2022. It had hit a record high of Rs 169 on November 16, 2021.