Internet stocks are recovering in 2023 after a weak investor response to their initial public offerings. This comes on the back of an improvement in their profitability in the recent quarters.
Zomato share price hit its 52-week high of ₹113.25 in intraday deals today (October 12, 2023) on the back of a positive growth outlook by two brokerage houses.
As the food delivery app, Zomato, reported its first ever quarterly profit, Twitterattis were quick to respond to Zomato s recovery with memes and teasing posts. Take a look at a few of theme
In addition, ESOPs worth Rs 13.5 crore and Rs 10 lakh were also awarded to senior executives of the company including Akshant Goyal, Chief Financial Officer and Sandhya Sethia, Company Secretary.