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Zomato shares climbed 5% today. Here's why

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.

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Zomato platform fee: Zomato hikes platform fee for users to Rs 5; pauses intercity deliveries

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. ....

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Zomato hikes platform fee by 25% to Rs 5, suspends Intercity Legends service

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. ....

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Zomato slides closer to listing price; falls 13% in 4 sessions : Tech News

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 ....

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