Zomato stock price zooms 4% on shutting down intercity ‘Legends’ services

Zomato in focus: Shares of food aggregator Zomato were buzzing in trade on Friday, August 23, 2024. The shares rose up to 3.70 per cent to hit an intraday high of Rs 267.35 per share.

The surge came after the Zomato chief executive officer Deepinder Goyal said that they have discontinued their intercity food delivery service “Legends” as it could not find product market fit.