Zomato Share Prices Hold Onto Midday Momentum, Closing 0.55% Higher Than Opening Figures

11th April, 2025 / 3:30 PM

The liquidation of its inactive subsidiary in the Netherlands seemed to have given Zomato (now rebranded as Eternal) a positive growth wave at midday, with share prices hovering at ₹217.81, which was about 0.83% more than the opening price of ₹216. Interestingly, the latter also opened approximately 2.18% higher than the closing price on 9th April. This meant a sustained positive momentum throughout the day for the company, which was previously in the news for layoffs and the resignation of its COO. Share prices have closed at ₹217.20 today, which is 0.55% higher than the opening price.

There was an initial slump to ₹214.25 for the stock before it peaked at ₹218.12 and eventually settled at the midday number. It remains to be seen how Zomato or Eternal rides the market waves going forward.

11th April, 2025 / 12:30 PM

Zomato has rebranded itself to Eternal, and the news seemed to have buoyed share prices at market opening today, touching ₹216, and this was 2.18% higher than the closing prices on 9th April. At midday as well, the stock maintained the positive sentiments, growing 0.83% over the opening figures and reaching ₹217.81. There was an initial fall to ₹214.25, and then the stock rose and posted an upward curve, peaking at ₹218.12 and then coming down slightly to the midday price.

With news trickling in about Zomato Netherlands being readied for liquidation by Eternal, there could still be some fluctuations in the share prices by the end of the day. 

11th April, 2025 / 9:30 AM

After rebranding itself successfully to Eternal, Zomato share prices saw an increase in its opening prices on the 8th of April, touching ₹216 and surpassing the closing price of ₹215.19 on the 7th of April by 0.37%. At the same time, the latter figure was also more than the opening price of ₹213.19 on 9th April by around 0.93%. The closing price of ₹211.39 on 9th April was also lower than the opening price on the day by around 2.13%. Today (11th April), however, it has opened at ₹216 again, which has surpassed the closing figures on 9th April by 2.18%. 

This comes on the back of the rebranding exercise along with the initiation of liquidation for Zomato Netherlands. There have also been positive news developments regarding the company, especially with a British influencer recently posting his delight at getting his Zomato food order getting delivered to him in his train. 

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