Zomato Counters Layoffs & COO Resignation By Closing 0.93% Higher Than Opening Prices

8th April, 2025 / 3:30 PM

Zomato share prices closed at ₹215.19 after opening at ₹213.19, marking a rise of 0.93%. At the same time, the latter was also higher than yesterday’s closing price by 1.03%. It was a delightful scenario at the start of the day, particularly after the stock closed 7.65% higher than its opening price yesterday after witnessing a massive fall initially in comparison to the closing prices on 4th April. At midday as well, the prices reached ₹217.90, which was 2.20% more than the opening price, and this was the highest point by this time, with the lowest point being ₹211.09 after some fluctuating movements early on.

8th April, 2025 / 12:30 PM

Zomato has been in the news for its recent layoffs and also for the resignation of its COO along with increasing competition for its Hyperpure division from Swiggy’s Assure. At the same time, investors seem to have kept faith in its upcoming Eternal rebranding and overall growth prospects, with share prices touching ₹217.90 at midday, posting growth of 2.20% over the opening price of ₹213.19 for the day.

This comes after the prices opened 1.03% higher than yesterday’s closing price and a major surge at the closing on 7th April, when prices were 7.65% more than the opening price for this date. The lowest point today was ₹211.09 after an initial sequence of peaks and troughs before share prices touched the midday figure as the highest point. 

8th April, 2025 / 9:30 AM

The Zomato share prices opened today at ₹213.19, about 1.03% higher than yesterday’s closing price of ₹211. Now, this is significant since today’s opening prices are higher than the closing prices after two straight days of doing the reverse. At the same time, yesterday’s opening price of ₹196 was 6.87% lower than 4th April’s closing price of ₹210.46. Yet, the stock recovered to ₹204.28 by midday and then closed approximately 7.65% higher than the opening prices for 7th April. 

Despite news of its COO resigning and massive layoffs at the company, Zomato seems to have brushed aside the price plunge for now. It remains to be seen whether prices hold till midday, particularly in the light of the company rebranding itself to Eternal and growing competition with Swiggy Assure. 

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