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A big news is coming regarding food delivery platform Zomato. Chinese payments group Alipay has reportedly sold at least 29 crore shares of Zomato in a major block deal on Wednesday. These shares have been sold at a price of Rs 112 per share. Ant Group-owned Alipay is reportedly selling its entire 3.44% stake in the deal. Shares of Zomato on Wednesday rose over 4 percent to Rs. reached 119.25.
Shares have gained more than 150% in 10 months
Shares of Zomato have seen a huge jump. The company’s stock has gained more than 150% in the last 10 months. On January 25, 2023, Zomato’s shares traded at Rs. were at 44.35. Shares of Zomato touched Rs 119.25 on 29 November 2023. The market cap of the company is also Rs. 1 lakh crore has been crossed. Zomato shares hit a 52-week high of Rs. is 126.10. At the same time, the company’s shares hit a 52-week low of Rs 44.35.
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Shares up 77% in 6 months
Shares of Zomato have surged 77% in the last 6 months. On May 29, 2023, the shares of the company were Rs. were at 67.10. Shares of Zomato touched Rs 119.25 on 29 November 2023. At the same time, Zomato shares have gained over 95 percent so far this year. At the beginning of the year, on January 2, 2023, the shares of the company were Rs. 60.30, which on November 29 was Rs. reached 119.25. Zomato shares have gained 87% in the last one year. In the IPO, the issue price of Zomato shares was Rs. 76 and the shares of the company were Rs. 115 were listed.
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