Zomato stock ends 9% higher after Q1 loss: What brokerages say

Zomato stock ended nearly 9 per cent higher at the end of Wednesday's trading session despite reporting a loss of Rs 360 crore in the first quarter of FY22.

Online food delivery giant Zomato shares ended nearly 9 per cent higher at the end of Wednesday’s trading session despite reporting a net loss of Rs 360 crore in the first quarter of FY22. Zomato share price initially rose over 6 per cent on the stock market on the Bombay Stock Exchange. The food delivery giant’s shares rose 8.68 per cent to end the trading session at Rs 135.80. The firm’s market capitalisation also rose to Rs 1.06 lakh crore.