Zomato rallies 5% to hit record high; stock has zoomed 127% so far this yr

Shares of food aggregator Zomato hit a new high of Rs 281.40, as they surged 5 per cent on the BSE in Wednesday’s intra-day trade on expectations of a strong earnings growth.

The company’s stock has surpassed its previous high of Rs 280 that it touched on August 19. Thus far in the calendar year, the market price of Zomato has more than doubled or zoomed 127 per cent, as compared to the 13.4 per cent rise in the BSE Sensex.