Zomato Jumps 4.02% to ₹211.70 Amid Goldman Sachs Stake, Layoff News

2nd April, 2025 / 3:30 PM

Zomato share prices have touched ₹211.70 at closing today (2nd April), which is a handsome 4.02% higher than the opening price of ₹203.50 today. At the same time, the opening price was higher than the closing price on 1st April, i.e., ₹202.01, by 0.73%. Interestingly, the 1st April opening price of ₹201.70 was absolutely unchanged from the closing price on 28th March, while the opening price for 28th March was ₹204.24 as compared to the closing price of ₹206.28 on 27th March.

By midday, share prices were at ₹207.36, which was 0.89% more than the opening price, after going down to ₹202.37 for some time and then peaking at ₹207.65 before reaching the midday figures. Analysts expect the stock to be in the news with several updates on its stake purchase by Goldman Sachs and also recent layoffs at the company. How they play out on stock prices remains to be seen in the days to come.

2nd April, 2025 / 12:30 PM

Zomato share prices have touched ₹207.36 today by midday, which is 0.89% higher than the opening price of ₹203.50 for the day. This marks a possible turnaround for the stock after it opened about 0.73% higher than its closing price after opening lower than the latter for two straight days previously. The stock has mostly seen a positive growth curve today, with the lowest threshold being ₹202.37 and the highest peak coming at ₹207.65 before reaching the midday figure.

Amidst news of the company laying off 600 employees and a Goldman Sachs stake purchase, the share prices seem to have entered a positive tailwind. However, whether they hold up till the end of the trading day is something that remains to be seen. 

2nd April, 2025 / 9:30 AM

Zomato share prices opened at ₹203.50 today (2nd April), which was 0.73% higher than the closing price of ₹202.01 on 1st April. At the same time, the opening price of ₹201.70 on 1st April was unchanged from the closing price of ₹201.70 on 28th March. Also, on 28th March, the opening price stood at ₹204.24, which was also lower than the closing price of ₹206.28 on 27th March. Hence, the stock prices have opened above the closing price after two days and this may augur well for investors. 

Zomato shares are in the limelight for a mixed bag of news updates, including laying off 600 employees and also the purchase of a stake in the company by Goldman Sachs. It remains to be seen how share prices move throughout the rest of the trading day.

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