Zomato shares climb over 6% to record high, end 18 of last 21 months in green with 500% gain

Stock Market Today: Shares of Zomato, the food delivery aggregator, achieved a new milestone in Thursday’s trade on December 5, crossing the ₹300 mark for the first time in intraday trade to touch a fresh record high of ₹304.65, gaining 6.4 per cent and surpassing its previous all-time high of ₹298.25, which was recorded in September.

Today’s surge has boosted Zomato’s market capitalisation to nearly ₹3 lakh crore, driven by a series of positive developments. These include multiple brokerage upgrades and Zomato’s entry into the Futures and Options (F&O) segment.