Shares of food-tech company Zomato and quick service restaurant (QSR) firm Devyani International have hit their respective highs on the back of heavy volumes. The Global Index provider, MSCI, has added Zomato in its MSCI Global Standard India Index while added Devyani International in MSCI India Domestic Small Cap Index. The changes will take place on November 30, 2021.
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Among the individual stocks, Zomato hit a record high of Rs 153, up 9 per cent on the BSE in Friday’s intra-day trade, surging 13 per cent in the past two trading days after the country’s largest listed food tech company surprised the Street with a top-line solid performance in the September quarter (Q2FY22). Aided by a 158 per cent jump in gross order value (GoV) year-on-year (YoY) in the India food delivery business, revenue for the company was up 140 per cent YoY.
