Shares of Zomato rose over 15 per cent amid a strong market rally today. The large cap stock gained 15.31 percent to Rs 71.55 against the previous close of Rs 62.05 on BSE. Later, the stock closed 14.75 percent higher at Rs 71.20. Zomato stock has gained 12.43 percent in the last two days. Zomato shares stand higher than 5-day and 20-day moving averages but lower than 50-day, 100-day and 200-day moving averages.
Shares of Zomato rose over 18 per cent in early trade despite the food delivery giant reporting widening of its consolidated net loss in the last quarter. The large cap stock gained 18.6 percent to Rs 67.6 against the previous close of Rs 57 on BSE.
Shares of food delivery firm Zomato rose over 4% in early trade today after the company said it would acquire 16.66 percent stake in Mukunda Foods Private Ltd, a food robotics company, for cash consideration of $5 million. Zomato stock gained 4.37% to Rs 79.95 against the previous close of Rs 76.60 on BSE. The stock has gained after three days of consecutive fall. Later, it fell to its 52-week low of Rs 75.55 on BSE.