Shares of Zomato Ltd. saw a modest gain of 1.64%, trading at ₹259.12, as the company’s market capitalization rose amid ongoing interest in the Swiggy IPO, currently on its second day of subscription. Zomato’s market cap currently stands at ₹2,28,967 crore, reflecting growing investor optimism despite mixed sentiments surrounding Swiggy’s IPO subscription performance.
Zomato, a major player in India’s food delivery and e-commerce sector, has been impacted by the developments in Swiggy’s IPO, as market participants assess the competitive landscape and future prospects for both companies in the industry.
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