Zomato shares hit 52-week high after reporting first-ever profit

Shares of Zomato surged 14% to hit 52-week high on Friday after the company reported its first ever profit. Zomato's consolidated net profit stood at ₹2 crore at the end of April-June quarter, against a net loss of ₹186 crore in year ago period. Shares of the company jumped to a 52-week high of ₹98.40 in early trade on Friday.