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Zomato shares jumped 4.54 per cent to hit a fresh high of Rs 197.80 on BSE. Motilal Oswal Securities has 'Buy' rating on the stock with a target of Rs 220. Kotak Institutional Equities finds the stock worth Rs 210.
The platform fee, which is a per-order flat charge, has been hiked in Zomato s main markets like National Capital Region, Bengaluru, Mumbai, Hyderabad and Lucknow. Sources said Zomato services 2.0-2.2 million orders per day, and a Re 1 increase for a large order base could add substantially to the companys earnings over a quarter. ....
The food delivery company s stock price has been surging on the back of rising profitability in its core business and the fast growth of its quick commerce arm, Blinkit. ....
Zomato slides closer to listing price; falls 13% in 4 sessions : Rashtra News #Zomato #slides #closer #listing #price #falls #sessions NEW DELHI: For the first time since its market debut, shares have dropped close to their listing price, largely because of non-stop selling in the last four sessions. On Friday, the scrip fell another ....