Zomato Shares Soar as Swiggy Delivery Workers Strike in Mumbai | Stock Market News
Zee Business Video Team | Updated: October 10, 2023 14:51 pm
Zomato shares rose as much as 4% on Tuesday after Swiggy delivery workers went on strike in Mumbai. The strike caused disruption in food delivery services in the city, and analysts believe that this could benefit Zomato. The company's revenue and profit increased in Q1FY24, and FIIs have been paring their stake in the company, while mutual funds have increased their holdings.
