What triggered a sharp surge in Zomato shares after 125% this year?
Mon, Nov 25, 2024 11:51 AM

What triggered a sharp surge in Zomato shares after 125% this year?

A Flip by Avya Verma
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Zomato Ltd., the food delivery aggregator, saw its shares advance on Monday (November 25) on the back of two triggers โ€” ๐Ÿ“Œthe company's inclusion in the 30-stock BSE Sensex and ๐Ÿ“Œan approval for its โ‚น8,500 crore Qualified Institutional Placement (QIP). Zomato is the first new-age tech stock that will replace JSW Steel in the BSE Sensex as part of the index reconstitution.

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