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Zomato gains on planning to extend 'restaurant services hub' nationwide

28 Jun 2024 Evaluate

Zomato is currently trading at Rs. 201.70, up by 1.55 points or 0.77% from its previous closing of Rs. 200.15 on the BSE.

The scrip opened at Rs. 201.60 and has touched a high and low of Rs. 203.90 and Rs. 201.15 respectively. So far 2301774 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 207.30 on 13-May-2024 and a 52 week low of Rs. 73.05 on 07-Jul-2023.

Last one week high and low of the scrip stood at Rs. 204.65 and Rs. 191.85 respectively. The current market cap of the company is Rs. 177907.89 crore.

The Institutions and Non-Institutions held 70.38% and 29.62% stake in the company respectively.

Zomato is planning to extend its 'restaurant services hub' nationwide, aiming to provide a comprehensive solution to aid restaurants in scaling up. The hub, which offers services such as staffing and licensing essentials, has already benefited over 3,200 establishments in the past six months.

The company aims to simplify the complexities involved in running a restaurant, from selecting the ideal location and finding suppliers to acquiring necessary licenses and hiring staff. To further support restaurant partners, Zomato is set to introduce additional services, including POS device integrations and hygiene audits. These efforts align with the company's goal of fostering a resilient and inclusive ecosystem. 

Zomato is an Indian multinational restaurant aggregator and food delivery company founded by Pankaj Chaddah and Deepinder Goyal in 2008. It provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in select cities.

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