Zomato Q2 results

Zomato rises 4% as brokerages show higher appetite for stock post Q2 earnings

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Zomato rises 4% as brokerages show higher appetite for stock post Q2 earnings

Zomato shares jumped over 4% in the opening trade on Monday and hit their fresh 52-week high of Rs 121.45 on the NSE following target upgrades by as many as five top brokerages. In their post-earnings stock review, CLSA, Jefferies, HSBC, Motilal Oswal and Nuvama reiterated their buy stance on the counter and raised their … Read more

Zomato shares surge 10% to 52-week high; m-cap crosses Rs 1 lakh crore mark

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Zomato shares surge 10% to 52-week high; m-cap crosses Rs 1 lakh crore mark

Shares of food delivery app Zomato jumped over 11% in intraday trade and hit their 52-week high of Rs 119.90 on the NSE on Friday following a surprise profit delivery of Rs 36 crore in the September quarter. Analysts had expected the company to post a loss of Rs 5 crore. The stock which closed … Read more