Tue, Oct 10, 2023
Due to the protests, many users in the city have been facing issues with orders on the Swiggy app.
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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.
Zomato share price: The consolidated net profit of the firm during the quarter came in at Rs 2 crore versus a loss of Rs 186 crore in the corresponding period of the last fiscal.
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