Zomato surges on partnering with SUN Mobility
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Zomato is currently trading at Rs. 50.37, up by 0.21 points or 0.42% from its previous closing of Rs. 50.16 on the BSE.
The scrip opened at Rs. 50.30 and has touched a high and low of Rs. 50.50 and Rs. 49.00 respectively. So far 3563938 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 88.40 on 31-Mar-2022 and a 52 week low of Rs. 40.55 on 27-Jul-2022.
Last one week high and low of the scrip stood at Rs. 53.92 and Rs. 49.00 respectively. The current market cap of the company is Rs. 42485.28 crore.
The Institutions and Non-Institutions held 64.17% and 35.83%, stake in the company respectively.
SUN Mobility and Zomato have entered into a partnership to power 50,000 electric two-wheelers of the latter's fleet over the next two years. Under the partnership, SUN Mobility will provide its battery swap solutions for last-mile deliveries with the initial fleet deployment to start in the National Capital.
Through this association, the last-mile delivery partners onboarded on Zomato's platform will benefit from convenient and cost-effective battery swapping solutions for their e-2Ws (electric two-wheelers). Their move is aligned with Zomato's commitment to 'The Climate Group's EV100 initiative that implies 100 per cent EV adoption by 2030' and is also in line with SUN Mobility's mission to electrify last-mile deliveries in India.
Zomato is an Indian multinational restaurant aggregator and food delivery company founded by Pankaj Chaddah and Deepinder Goyal in 2008. It provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in select cities.
