Zomato Shares: Shares of food delivery Company Zomato have doubled in investors’ money in the last year. In the last 6 days, the company’s shares climbed by more than 11 percent. On Friday it closed at Rs 86.86 on the BSE.
Investors who have shown faith in the stock and hold their investment have now reason to celebrate as the company’s stock rallied more than 100% in the last 12 months.
Zomato doubles money in one year
Zomato shares were at Rs 43.05 on the Bombay Stock Exchange (BSE) on July 28, 2022. The shares of the company closed at Rs.86.86 on BSE on July 28, 2023, which means it has climbed by more than 100% in the same period. If you had invested Rs 1 lakh in Zomato shares a year back and had held your investment, the shares would have been worth Rs 2.01 lakh at present.
Stocks climb 83% in 6 months
The food delivery giant’s shares have shown a tremendous upward trend in last 6 months. The shares of the company were at Rs.47.40 on BSE as on January 30 and it closed at Rs.86.86 on BSE on July 28, which means it has climbed 83% during the same period.
The 52-week high level of Zomato shares is Rs 87.27 and its 52-week low level s is Rs 43.05.
IPO came in July 2021
Zomato brought its IPO in July 2021. The price band of the IPO was fixed between Rs 72-76, whereas, Zomato’s shares were listed at Rs 115. The total size of the public issue of the company was Rs 9375 crore.
Disclaimer: This is only information about the performance of the stock, it is not investment advice. Investment in share market is subject to risk and you should consult your advisor before investing.
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