Zomato hits new high of Rs 150, zooms 98% over issue price of Rs 76

A sharp rally in stock price helped Zomato surpass personal products companies like Godrej Consumer Products and Dabur India in overall market capitalisation ranking

Shares of Zomata hit a new high of Rs 150.50 as they 9 per cent on the BSE in intra-day trade on the back of heavy volumes. The stock of the online food delivery company surpassed its previous high of Rs 147.80 touched on July 27, 2021. Till 03:05 pm, a combined 102 million equity shares had changed hands on the NSE and BSE so far.

Zomato, the country’s first internet unicorn to tap the capital markets, had made its stock market debut on July 23, 2021. In the past one week, the stock has rallied 21 per cent, as