Zomato Shares Surge 6% to Record High

CosmicTaco · 2024-12-05T14:53:14.881412+05:30

- Zomato shares jumped over 6% to a new all-time high of INR 304.50, with heavy trading volumes. - The stock has risen 142% year-to-date, far outperforming the BSE Sensex's 11% gain. - Morgan Stanley raised its price target for Zomato to INR 355, citing strong performance in food delivery and quick commerce. Source: [Inc42](https://inc42.com/buzz/zomato-shares-rally-6-to-hit-a-fresh-all-time-high-at-inr-304-50/)

Zomato shares jumped over 6% to a new all-time high of INR 304.50, with heavy trading volumes.
The stock has risen 142% year-to-date, far outperforming the BSE Sensex's 11% gain.
Morgan Stanley raised its price target for Zomato to INR 355, citing strong performance in food delivery and quick commerce.

Source: Inc42