Zomato gains all time 52-weeks high excepting price 190

Online delivery portal Zomato's share price has been touched 52 weeks high.

Zomato share price has touched an all-time 52-week high with a 5% high after the release of a consolidated net profit of 138 core in the third quarter of FY24.

On Thursday Zomato officially announced the report of a consolidated profit of Havan 38 crore in the third quarter which ended on December 31st, 2023 after this news accelerated Zomato's stock price and gained a 5% high which moved them to touch a 52-week high rate.

As Zomato announced a profit of 1138 crores in the third quarter in comparison with the last here third quarter Zomato has reported a loss of 347 crore and revenue of 1948 crore.

According to Kotak security, it is buying a sign for the Zomato stocks which they have been targetting a price of 190 the brokerage company said the fruit delivery system is steady and their partner company Blinkl-it business also growing rapidly in the respective domain.