Despite facing an insolvency plea, the stock price of Zomato, a popular food delivery platform, has not been impacted.
As of march 2025, the company's shares were trading at 6.03% higher at Rs 216.15 on the Bombay Stock Exchange (BSE).
This is a significant increase from its earlier intraday high of Rs 216.50. This rise in share price can be attributed to the company's strong financial performance and growth potential, despite the challenges posed by the pandemic.
Zomato's focus on expanding its services to new cities and diversifying its offerings has helped it maintain a positive outlook among investors.
Additionally, the company's strong leadership and innovative strategies have also contributed to its resilient stock performance.
This positive response from the market showcases the confidence that investors have in Zomato's ability to overcome any obstacles and continue to grow in the highly competitive food delivery industry.
Reviewed by Jewellery Designs
on
March 18, 2025
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