ஜோமத்தோ ஸ்விக்கி News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Zomato on Friday made over 80 per cent listing gain. While many analysts questioned the food aggregator’s valuations at Rs 65,000 crore, the stock breached the market cap of Rs 1,00,000 crore within 10 minutes of trade. Conventional wisdom does not work with the internet companies, head of research at a leading domestic brokerage said. A few brokerages had said the IPO was good only for listing gains. The stronger-than-expected response to the stock suggests investors think otherwise. Zomato’s strong listing gains came at a time when the online food aggregator is still incurring losses despite having captured a huge market. The company may continue to make losses in the foreseeable future, it said in its IPO papers.

Sandip sabharwalBerkshire hathwayDeepak jasaniZomato swiggyCan zomatoWarren buffetசண்டீப் சபர்வால்பெர்க்ஷயர் ஹாத்வேதீபக் ஜசனிஜோமத்தோ ஸ்விக்கிவாரன் தட்டு சேவை