The latest update on Zomato: Since the IPO of food delivery company Zomato, the company has been constantly making headlines. On July 23, the company was listed on the stock market, and on the first day, the company’s stock rose nearly 51 percent. This resulted in investors getting silver. Today, the company’s shares are up for the second day. The company’s share price is trading at Rs 129.70 on the BSE. 129.80 at 11:30 am on the NSE. The price was the same in both places. In addition, the market value of the company has crossed one trillion rupees. Let us tell you that the company received 38 times more bids than the IPO of nine thousand crores.
5 benefits of NPS including tax deduction with investment flexibility and higher returns
But with this grand opening, many questions are also arising. Does the company’s stock keep up with this kind of performance in the market? Stock market experts have different opinions on this. Some experts, looking at the size of the Indian market, are saying big possibilities for Zomato. On the other hand, there is concern on the other side about the future of the company. Let us tell you that Zamato is currently at a loss. But after this IPO, the company’s valuation has increased significantly compared to its rival company Swiggy. Meanwhile, access to Amazon is driving competition in the sector.
The net worth of the founder is higher
The 13-year-old company’s founder Goyal has a net worth of Rs 4,6570 crore. They own a 5.5% stake in the company. In addition, if Goyle used it in the next 6 years, he would still be given 368.5 million shares, and as of Friday his net worth would be 25 1.25 billion. On Friday, Goyal tweeted, in which he wrote, ‘We are very excited by the amazing response to our IPO. We do not know whether we succeed or fail but we give our best.
Big update for SBI customers Only those who do this will be able to take advantage of the facility
