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Zomato’s stock rises above ₹100 following its first net profit report

  • Zomato’s share price surged 7.77%, hitting a new yearly high of ₹102.85.
  • The food delivery app’s Q1 FY24 revenue was ₹2,416 crore, with a net profit of ₹2 crore.
  • CEO Deepinder Goyal has previously expressed confidence in Zomato’s path to profitability.
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