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Zomato shares hit 1-year high, surpass IPO price
short by Mansi Agarwal / on Friday, 9 June, 2023
Zomato's shares jumped on Friday to record a one-year high of ₹77.95. The shares also surpassed their IPO price of ₹76. While the shares still remain low from their all-time closing high of ₹160.30, they have jumped about 53% since March. The food delivery startup's business, excluding Blinkit, became adjusted EBITDA positive in the fourth quarter.
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