Zomato Ltd. saw a significant boost in its market capitalization on October 8, 2024, as the stock climbed by 3.34%. The stock opened at ₹266.00 and reached a high of ₹275.60 during the day, closing at ₹275.00, marking an increase from the previous close of ₹266.10.
As a result of this rise, Zomato’s market capitalization gained approximately ₹7,909 crores, bringing the total market cap to ₹2,43,077.83 crores. This rally in the stock comes amid strong investor confidence, pushing Zomato’s share price higher in a session where it traded a volume of 358 lakh shares with a total traded value of ₹973.79 crores.
The company has been a key player in the e-retail and food delivery sector, and today’s upward movement indicates continued optimism about its future prospects. Investors are closely watching Zomato as it works to maintain momentum, especially after hitting a 52-week high of ₹298.25 just last month.
