Zomato Stock Price: Food delivery and quick commerce company Zomato Ltd‘s (NSE: ZOMATO) stock rose 4.38 percent on November 14. The NSE had announced 45 new stocks for its F&O section a day earlier.
These included names such as Zomato Ltd, Avenue Supermarkets BSE, Paytm, and major Adani Group companies. The Securities and Exchange Board of India has approved this addition.
After this announcement, Zomato Ltd’s stock is up as inclusion in the F&O segment is seen as a liquidity booster for any stock.
On November 14, the stock jumped 4.75 percent from its previous close price on the BSE to a high of Rs 271.
The stock closed at Rs. 269.60. The company’s market cap has reached Rs 2.35 lakh crore.
More Details Will Be Revealed On November 28
NSE clarified the details of the newly added stocks to the F&O segment, including the market lot size and strike price range.
This information will be published in an official circular, which is scheduled for November 28, one day before F&O trading begins on November 29.
Zomato Stock Climbed 120% In A Year
Zomato Ltd’s stock has jumped 116.63% in the last year. The price has strengthened by 7.66 % in just two weeks.
Just a day earlier, its competitor Swiggy was listed on the stock markets with a premium of up to 7 percent.
Zomato Ltd’s net profit for the quarter of July-September 2024 grew by almost 5 times compared to the previous year, reaching 176 crore rupees.
The company has set a target to increase the number of its stores to 2,000 by the end of the year 2026.
Quick Fact
| Company name | Zomato |
|---|---|
| Sector | Food delivery, quick commerce |
| Stock rise date | November 14 |
| Stock price | ₹269.71 |
| Stock increase on November 14 | 4.38% |
| The high price on November 14 | ₹271 |
| Closing price on November 14 | ₹269.60 |
| Market cap | ₹2.35 lakh crore |
| New F&O inclusion announced by | NSE |
| Number of new stocks in F&O | 45 |
| Impact of F&O inclusion | Liquidity booster |
| Upcoming announcement date | November 28 |
| Trading start date in F&O | November 29 |
| Yearly stock increase | 116.63% |
| Last two-week increase | 7.66% |
| July-September 2024 net profit | ₹176 crore |
| Net profit growth vs the previous year | 5 times |
| Competitors listed with premium | Swiggy |
| Competitor’s premium | Up to 7% |
| Store expansion target | 2,000 |
| Store target year | End of 2026 |
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