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Zomato shares increase over 8% as the company narrows its loss

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Zomato shares increase over 8% as the company narrows its loss

By: Sreejit Kumar

After Zomato disclosed that its consolidated net loss for Q2 of FY23 was reduced to Rs 250.8 crore, shares of Zomato increased by more than 8% in morning trading on Friday. On the BSE, the stock increased 8.05% to Rs 69.10.

It increased 8.21% to Rs 69.20 on the NSE. The benchmark 30-share BSE Sensex index was up 1,016.73 points at 61,630.43. Online food delivery service Zomato announced on Thursday that its consolidated net loss for the second quarter ended September 30 shrunk to Rs 250.8 crore. The company’s overall net loss for the prior fiscal year was Rs 434.9 crore.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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By Sreejit Kumar

After Zomato disclosed that its consolidated net loss for Q2 of FY23 was reduced to Rs 250.8 crore, shares of Zomato increased by more than 8% in morning trading on Friday. On the BSE, the stock increased 8.05% to Rs 69.10.

It increased 8.21% to Rs 69.20 on the NSE. The benchmark 30-share BSE Sensex index was up 1,016.73 points at 61,630.43. Online food delivery service Zomato announced on Thursday that its consolidated net loss for the second quarter ended September 30 shrunk to Rs 250.8 crore. The company’s overall net loss for the prior fiscal year was Rs 434.9 crore.

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Previous article
Uber India’s finances under investigation by the income tax department
Next article
Olacabs shuts down its in-car entertainment system ‘Ola Play’
Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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