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Zomato shares rally 9%, hit fresh 52-week high
Zomato's shares rallied 9% to reach a 52-week high of INR 84.5, as of Thursday's intraday trade on BSE. From its 52-week low of INR 40.5, it has rallied 109%. Zomato shares are currently trading over 11% above their IPO issue price of INR 76. The average target price for the stock is INR 81, which shows a downside of just 1% from current market prices. The consensus recommendation from 26 analysts is "Buy.