Shares of Zomato surged over 9% on the NSE at the close today, after food conglomerate Zomato founder Deepinder Goyal congratulated Paytm and its founder Vijay Shekhar Sharma on their Q3 results report. Trading started today in Zomato’s stock 51.20, reached a day’s high of 55.30 and less 51.10, and finally finished 53.80 per share, up 9.02% from its previous close. 49.35. The stock recorded a total average volume of 289,069,473 shares and an average distribution volume of 7,090,874,173 shares, an upward rally of more than 24% in average distribution volume.
Zomato founder Deepinder Goyal praised Paytm and its founder Vijay Shekhar Sharma in a tweet after shares of Paytm’s parent company One 97 Communications soared over 15% today after its December quarter earnings.
“Congratulations, @vijayshekhar and @Paytm on becoming profitable. Sorry a little late to the party – been so busy working on my profitability ;-),” commented Deepinder Goyal via a Twitter post.
One97 Communications announced on Friday that it had a consolidated net loss for the December 2022 quarter 392 crores, down from 778.4 crore during the same period in the previous financial year. From 1,456.1 crore in the same quarter last year, an increase of about 42% in its operating revenue 2,062.2 crore in Q3FY23. According to the company, it disbursed 1.05 crore loans during the December quarter and its total loan disbursement stood at 9,958 Cr in Q3FY23. Paytm reported revenue from payment of 1,197 crore in Q3FY23 up 21% YoY while revenue from financial services stood at 446 crores.
According to a BSE filing, Zomato will release its financial results for the December quarter on Thursday, February 9. Company registered market cap 46,393.21 crores today. At today’s close, Zomato was seen trading above 5, 10 and 20 day SMA but below 50, 100 and 200 day SMA.
Paytm shares close on NSE today after impressive third quarter operating profit 680.00 each level, up 15.53% from previous close 588.60. The company’s average delivery volume stood at 18.76%.
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