Zomato Limited witnessed a significant boost in its market capitalization today as its share price rose by 1.86%, leading to a gain of approximately ₹4,645.31 crores. The stock opened at ₹280.90 and climbed to ₹282.70 as of 11:53 AM, up by ₹5.15 from the previous close of ₹277.55.
The total market cap of Zomato now stands at ₹2,49,747.79 crores. This rise comes as the company continues to benefit from a positive outlook in the e-commerce and food delivery sector. With volumes trading high at 261.78 lakhs, investor sentiment appears strong, pushing Zomato to continue trading at its higher levels.
Zomato had also recently touched its 52-week high of ₹298.25 on September 23, 2024, and is currently trending upward. Investors are closely watching to see if the stock will test its previous highs in the near term.
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