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Zomato shares hit new record high: Major reasons pushing the stock upwards including IPL effect

By - 26,Mar,2024 105 Views 0 Comment
IMG

Zomato share price: Shares of Zomato Ltd hit an all-time high today (March 26) as the market resumed for the last trading week of FY24 after Holi. Zomato stock was up more than 1.35 per cent to ₹176.45 and commanded a total market capitalization of more than 1.55 lakh crore. This comes after e-commerce arm of Zomato Blinkit hiked its delivery charges by ₹11-35 in certain areas in the National Capital Region (NCR) and Mumbai Metropolitan Region (MMR) which are likely to boost Zomato's topline and profitability.Zomato stock opened upside today and went on to touch an intraday high of ₹183.40 per share level on NSE. In the past one year, the shares have logged over 250 percent rise in the last one year.

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