Shares of Zomato rose 6 per cent in early trade amid a highly volatile market today after data showed the market value of the food delivery firm across asset management companies (AMCs) rose to Rs 1,343 crore in July 2022 against Rs 963 crore in June. Zomato stock opened higher at Rs 65.50 against the previous close of Rs 65.30 on BSE today. It touched an intraday high of Rs 69.20, gaining 5.97 per cent on BSE. However, Zomato shares have fallen 50.38 per cent in 2022 and lost 49.48 per cent in a year.
Shares of Zomato tanked nearly 10% in early trade today amid a report that Uber Technologies sold its whole 7.8% stake in the Indian food delivery firm. The block deal was worth $392 million. Zomato stock crashed 9.62 percent to Rs 50.25 against the previous close of Rs 55.60 on BSE.
Shares of online food delivery firm Zomato have plunged 14 per cent in the last two sessions after the firm said it would buy local grocery-delivery startup Blinkit for Rs 4,447 crore ($568.16 million) in an all-stock deal. Shares of Zomato hit an intraday low of Rs 60.45, down 8.2 per cent today against the previous close of Rs 65.85 on BSE. With today's slide, the stock has lost Rs 9.9 or 14.07 per cent in the last two sessions.