Business Standard

After blockbuster listing, what should you do with Zomato stock?

Zomato IPO has opened the doors for new-age tech businesses to tap primary markets. Paytm, PolicyBazaar and Mobikiwik are some other names gearing up to tap the primary maket

delivery workers, zomato, delivery
Web Exclusive Premium

Saloni Goel New Delhi
Shares of Zomato listed at a hefty premium on Friday. The company's market capitalisation (market-cap) vaulted past the Rs 1-trillion mark, pipping some of the big players like Tata Motors, Shree Cement, Indian Oil Corporation Limited (IOCL), Tata Consumer.

On National Stock Exchange (NSE), the stock listed at a 53 per cent premium against its issue price of Rs 76 per share. On the BSE, the stock listed at Rs 115, a 51 per cent jump over its issue price. READ HERE

After a bumper debut, analysts advise short-term investors to book profit though long-term investors, they suggest, should continue

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 23 2021 | 11:11 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com