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Zomato’s founder Deepinder Goyal on Tuesday via social media post announced the company’s new launch of “Pure Veg Mode” on Zomato for customers with a 100% vegetarian dietary preference.
Zomato finally settled at Rs 160, down 0.96% from its last close.
Shares of Zomato slipped over 2% in trade on the back of a large block deal. Around 19 crore shares or 2.2% equity changed hands in the large block deal worth Rs 3,112 crore at an average share price of Rs 160.
Zomato witnessed high volatility with the stock swinging widely before ending the session with losses.
Zomato settled at Rs 169.80, posting a healthy gain of 1.28% over its last close.
Zomato saw a slightly positive close at Rs 167.65 on Saturday March 2nd 2024, with an intraday low of 165.15 and high of 168.30.
Brokerages remain upbeat on Zomato post the food delivery major posted its Q3 earnings, registering a third consecutive quarter of profit.
Zomato’s Q3 net profit came in at Rs 138 crore against a profit of Rs 36 crore that the company posted in the previous quarter.
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