The food delivery aggregator Zomato announced a day earlier that it was raising its platform fee to ₹6 from ₹5, and on Monday, the share price of Zomato jumped by almost 4% to reach a 52-week high. The new platform fees, which will be introduced in a few cities like Bengaluru and Delhi, are expected to have a somewhat positive impact on the profitability of the company.
On Monday, Zomato joined the exclusive group of companies with a market capitalization (m-cap) of ₹2 trillion. Zomato shares began at ₹225 per on BSE and reached an intraday high of ₹232. Zomato’s share price has risen by about 83% in 2024.
As of 10:57 am, Zomato shares were trading 2.52% higher at ₹228.10.
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