Zomato Share Price: Investors Wealth Increased by 55% in Stock Market

Zomato Share Price Increased: Zomato Ltd. is making headlines in the stock market today, with its shares jumping by 5.58%, closing at ₹256.40. The stock opened at ₹248.05 and peaked at ₹261.60, sparking curiosity among investors. But what’s fueling this surge?

Over the past five days, Zomato shares have risen by 2.67%, with an even more impressive 54.78% growth in the last six months—adding ₹90.85 to its value. Investors are asking, what’s driving this rapid growth?

Zomato, launched in 2010, is more than just a food delivery service. It’s a comprehensive technology platform connecting customers, restaurant partners, and delivery personnel, helping users find restaurants, order food, and read reviews. The company’s ability to innovate in a competitive market and expand its user base has been key to its success.

As of September 2024, Zomato ranks as the 784th most valuable company globally, boasting a market cap of ₹2.112 trillion. This impressive ranking highlights its growing influence, particularly in the food tech space.

With its share price continuing to climb, Zomato’s stock has captured the market’s attention. Could this be the beginning of an even greater rise, or will the momentum waver in stock market? Investors are watching closely as Zomato solidifies its position as a major player in the global market.

Zomato entered the National Stock Exchange (NSE) of India on July 23, 2021, when it listed its initial public offering (IPO). Zomato is also listed on the Bombay Stock Exchange (BSE). Zomato’s IPO was priced between Rs 72 and Rs 76, with a cutoff price of Rs 76.