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Zomato shares jump nearly 10 pc after earnings announcement
![IndiaTimes]()
Friday, 3 November 2023
Shares of online food delivery platform Zomato on Friday jumped nearly 10 per cent after the company reported a consolidated profit after tax of Rs 36 crore for the second quarter ended September 2023, driven by strong revenue growth. The company's stock rallied 8.28 per cent to settle at Rs 116.40 on the BSE. During the day, it zoomed 11.62 per cent to reach its 52-week high of Rs 120. At the NSE, it climbed 9.62 per cent to Rs 117.90. The company had reported a loss of Rs 251 crore in the corresponding quarter of the previous financial year.
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Friday, 3 November 2023
