Zomato Share Price: Due to excellent quarterly results, the stock of online food delivery chain company Zomato saw a huge jump in Monday’s trading session. Zomato stock closed at Rs 123.30 with a jump of 5.84 percent. Zomato’s stock has closed at its highest level in the last one year.
Zomato results were announced on Friday 3 November 2023. And the market has liked the results of Zomato very much. Online grocery platform Blikint continues to perform well. In the second quarter, Zomato has made a profit of Rs 36 crore, whereas in this quarter last year there was a loss of Rs 251 crore. The company’s revenue from operations in the second quarter was Rs 2848 crore which was Rs 1661 crore in the same quarter last year. The orders received by the company for food delivery have reached Rs 11,422 crore with a growth of 47 percent.
If the financial results were excellent, Zomato stock has also given excellent returns to the investors in one year. After listing in 2021, the stock had reached Rs 169 from its issue price. But in July 2022, the stock fell to a low of Rs 40.6, which was even below the IPO price. But from these levels the stock has given a return of 204 percent to its shareholders. Zomato stock is trading at Rs 123.30. That means investors are getting a profit of Rs 82.70 per share. In 2023, Zomato has given a return of 108 percent to investors, while in one year the stock has given a return of 96 percent.
Among the new age companies, Zomato is now trading above its IPO price. But stocks of news edge companies like Paytm and Delivery are still trading below their IPO prices.
Also read
Get more latest business news updates