Zomato shares hit 52-week high; here's why
On a year-to-date basis, Zomato has gained 75%.
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Food delivery workers' income drops 11% in 3 years
Monthly incomes of long-shift food delivery workers plunged 11% to ₹11,963 in May 2022 from ₹13,470 in 2019
Tiger Global exits Zomato by selling stake worth ₹1,124 cr; stock rises
Tiger Global, through its investment vehicle Internet Fund IV, sells 12.34 crore shares, or 1.44% stake in Zomato, at an average price of ₹91.01 per share.
Zomato jumps 14% on ₹2 crore profit in Q1
Zomato's net profit stood at ₹2 crore for the first quarter compared to a loss of ₹186 crore in the year-ago period.
Can Q-commerce ever make profits?
Most leading Q-commerce players have a negative EBITDA, while offline grocers have a positive EBITDA of 5 to 8%, says McKinsey
Zomato hits new 52-week high; inches closer to ₹70,000 cr m-cap
At present, the company's stock is trading 98.02% higher than the 52-week low of ₹40.55, which the company touched on July 27 last year.
Zomato hits 52-week high; surpasses IPO price
The company's better-than-expected March quarter results as well as the revision in discounts by ONDC (Open Network for Digital Commerce) have aided the investor sentiment.
Zomato surges 8% ahead of investors meet; here's why
Zomato share price surged as much as 7.7% on Friday to hit an intraday high of ₹73.
Zomato says 72% cash on delivery orders paid in ₹2,000 notes since Friday
On Friday, the country's central bank announced the withdrawal of ₹2,000 denomination banknotes from circulation.
Zomato teams up with Zypp Electric to deploy 1 lakh e-scooters by 2024
The deal is part of a plan of Zomato to go completely electric by 2030 as part of its commitment to “The Climate Group’s EV100” initiative.
