New Delhi, August 2: Shares of online meals supply platform Zomato on Tuesday jumped almost 20 per cent after the corporate mentioned its loss in June quarter nearly halved. The inventory climbed 19.96 per cent to settle at Rs 55.60 — its higher circuit restrict — on the BSE. On the NSE, it zoomed 19.97 per cent to Rs 55.55.
The corporate’s market valuation additionally climbed Rs 7,283.52 crore to Rs 43,777.52 crore on the BSE. In traded quantity phrases, 803.27 lakh shares have been traded on the BSE and over 52.88 crore shares on the NSE in the course of the day. Zomato Share Value Jumps Nearly 11% After June Quarter Earnings.
Zomato on Monday mentioned its consolidated internet loss within the first quarter of present monetary 12 months nearly halved to Rs 186 crore as a result of larger revenue. The corporate had reported a internet lack of Rs 360.7 crore within the year-ago interval.
In the course of the quarter below evaluate, complete revenue rose to Rs 1,582 crore from Rs 916.6 crore within the corresponding interval final 12 months.
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