Zomato gains 7% on heavy volumes; stock rebounds 73% from record low

The average trading volumes on the counter more-than-doubled with a combined 155.71 million shares changing hands on the NSE and BSE till 02:59 PM

Shares of Zomato moved higher by 7 per cent to Rs 70.20 on the BSE in Friday's intra-day trade amid heavy volumes. The stock of the food delivery start-up was trading higher for the third straight day, having surged 13 per cent during the period. With today's intra-day rally, the market price of Zomato has recovered 73 per cent from its record low level of Rs 40.55, which it had touched on July 27, 2022.

At 02:59 PM, Zomato was trading 6.6 per cent higher at Rs 69.90, as compared to unchanged S&P BSE Sensex. The average trading volumes