Shares of online food delivery provider Zomato Ltd have nearly tripled from their 52-week low in 2023. The stock, which fell to yearly low of Rs 44.35 on January 25, 2023 hit a high of Rs 131 in the current session, delivering 195% returns during the period. The stock came close to touch its 52-week high of Rs 131.75 reached on December 19, 2023.
Shares of online food delivery provider Zomato Ltd are in focus amid reports which said Japanese tech giant SoftBank is likely to sell shares of Zomato worth Rs 1125 crore or 1.1% stake via a block deal today. The shares will be sold at a price of Rs 120.50 per share. Zomato shares ended at Rs 121.80, up 2.44% in the last session on BSE. However, it was not immediately known who will be the buyers in this transaction.
Zomato stock, which fell to a 52-week low of Rs 44.35 on January 25, 2023 rose to a high of Rs 104.20 on BSE, translating into returns of 134.94% during the period.