Zomato continues its winning streak, marking the fifth consecutive session with a 3% surge, reaching a new 52-week high at ₹167.80. The stock is now on the verge of surpassing its all-time high of ₹169 from November 2021.
In the last year, Zomato’s share price has skyrocketed by nearly 200%, with notable improvements in the company’s fundamentals. The recently released results for the December quarter showcase Zomato’s best-ever performance in terms of profitability.
Zomato’s current market cap has exceeded that of prominent Indian companies like Tech Mahindra, Tata Consumer, Hindalco, and others. With a market cap of approximately ₹1.4 lakh crore higher than its counterparts, Zomato has emerged as a formidable player in the market.
Comparing zomato’s Market Cap with Nifty 50 Companies:
- BPCL: 1.41
- Tech Mahindra: 1.28
- HDFC Life: 1.26
- Britannia: 1.18
- IndusInd Bank: 1.18
- Cipla: 1.17
- Hindalco: 1.17
- Tata Consumer: 1.09
- Eicher Motors: 1.06
- Dr. Reddy’s: 1.06
- Divi’s Labs: 0.98
- Apollo Hospital: 0.97
- Hero MotoCorp: 0.91
- UPL: 0.37
Zomato’s share price maintained its upward trajectory, gaining 1.96% and trading at ₹164.20 shortly after the market opened on Wednesday.”