Zomato Closes 7.65% Higher Despite Weak Open; Rebranding, COO Exit in Focus

7th April, 2025 / 3:30 PM

Zomato share prices have closed today (7th April) at ₹211, which is 7.65% higher than the opening price of ₹196 for the day. At midday, the share prices stood at ₹204.28, which was 4.22% higher than the opening price, after slumping down to ₹200.54 and then going up to ₹207.54 before touching the midday number. The opening prices today were a drastic 6.87% lower than the closing prices of ₹210.46 on 4th April. This was the second straight day for Zomato when the share prices opened below the closing figures.

With its Eternal rebranding in the news, along with layoffs and the resignation of its COO Rinshul Chandra, it will be interesting to see how stock prices are affected in the future. Swiggy’s Assure and increasing competition with Zomato’s Hyperpure may also impact them going forward.

7th April, 2025 / 12:30 PM

Quick commerce competition, investor apprehension regarding hundreds of company layoffs, and now the updates of the COO resigning to pursue other opportunities- it’s been a tough ride lately for Zomato. The stock opened at ₹196 today (7th April), which was about 6.87% less than the closing figure of ₹210.46 on 4th April. However, by midday, it has touched ₹204.28, which is approximately 4.22% higher than the opening price.

Does this point to a recovery? After an initial increase, the stock slumped to ₹200.54 before rising to ₹207.54 and then falling to the midday figure. It remains to be seen whether the recovery trend holds till the closing.

7th April, 2025 / 9:30 AM

Zomato share prices opened at ₹196 today (7th April), which is about 6.87% lower than the closing price of ₹210.46 on 4th April. This figure was incidentally 0.65% lower in comparison to the opening price of ₹211.84 for the day. The share prices also opened below the closing price for 3rd April. The stock prices also opened higher than the closing price on 2nd April. Today is thus the second straight day when the share prices have opened lower than the closing price. 

The company has been facing stiff competition in the quick commerce segment, leading to heavier discounting. This dynamic could potentially impact profitability and influence investor sentiment going forward.

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