Wednesday, 30 August, 2023

Zomato Stock Surges 5% Amid 1.16% Equity Trade in Block Deal

Zomato shares witnessed a 5% spike in value as a block deal involved the trading of 1.16% equity. Speculation suggests SoftBank as a potential seller in the deal. The surge in stock price reflects market optimism and investor interest in the food delivery giant's potential growth. As Zomato continues to navigate the dynamic market, these developments contribute to the ongoing evolution of the company's valuation and market position.