Zomato trades in green on the BSE
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Zomato is currently trading at Rs. 142.70, up by 1.15 points or 0.81% from its previous closing of Rs. 141.55 on the BSE.
The scrip opened at Rs. 143.20 and has touched a high and low of Rs. 143.80 and Rs. 142.00 respectively. So far 493740 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 151.35 on 03-Sep-2021 and a 52 week low of Rs. 114.00 on 23-Jul-2021.
Last one week high and low of the scrip stood at Rs. 149.60 and Rs. 138.60 respectively. The current market cap of the company is Rs. 111833.04 crore.
The Institutions and Non-Institutions holding in the company stood at 12.76% and 87.24% respectively.
Zomato is all set to stop its grocery delivery service from September 17 mainly on account of gaps in order fulfillment leading to poor customer experience, marking its exit from the segment for the second time since last year. The company had entered the segment last year during the lockdown on account of the COVID-19 pandemic but exited the business on the recovery of its food delivery business.
Its investment in Grofers will generate better outcomes for its shareholders than in-house grocery efforts. Zomato has invested $100 million (around Rs 745 crore) for acquiring a minority stake in the grocery delivery platform Grofers.
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.
