Shares of food-tech company Zomato and quick service restaurant (QSR) firm Devyani International have hit their respective highs on the back of heavy volumes. The Global Index provider, MSCI, has added Zomato in its MSCI Global Standard India Index while added Devyani International in MSCI India Domestic Small Cap Index. The changes will take place on November 30, 2021.
- Indiaβs Oil Import Bill Jumps 56.5% to $63.4 Billion in April-July
- IDFC FIRST Bank Raises $500 Million in Debut Bond Sale
- Ceigall India Bags Rs 274 Crore Road Order From MoRTH
- OpenAI Pauses Advanced AI Model Development Amid Safety Concerns
- Arkade Developers Adds 4 Mumbai Projects Worth Rs 5,000 Cr
Among the individual stocks, Zomato hit a record high of Rs 153, up 9 per cent on the BSE in Fridayβs intra-day trade, surging 13 per cent in the past two trading days after the countryβs largest listed food tech company surprised the Street with a top-line solid performance in the September quarter (Q2FY22). Aided by a 158 per cent jump in gross order value (GoV) year-on-year (YoY) in the India food delivery business, revenue for the company was up 140 per cent YoY.
Live