Parent company of Jomato, the country’s largest food delivery company, has been doing wonders in the Eternal Stock Market for the last two days. The special thing is that in two days, the company’s shares have seen an increase of 21 percent. Due to which the market cap of the company has seen an increase of more than 52 thousand crore rupees. According to experts, the company’s shares have seen an increase in the company’s quarterly results. Surprisingly, there is pressure in the overall stock market. Let us also tell you what kind of figures are being seen in the shares of Jomato’s parent company International.
15 percent increase on Tuesday
In the stock market on Tuesday, the shares of Jomato’s parent company Eater International increased by up to 15 per cent. According to BSE data, the company’s stock was rapidly opened at Rs 292. On seeing it, he reached the high of day with Rs 311.60. The special thing is that this is also the new 52 weeks high of the company. By the way, at 2.20 pm, the company’s stock was trading at Rs 301.85 with a rise of 11.30 percent. However, the company’s share went to the lower level of the day during the 289.95 rupees during the business session. The company’s stock closed at Rs 271.20 a day earlier.
Up to 21 percent increase in two days
The special thing is that in two days the company’s stock has jumped more than 21 percent. According to BSE data, Eternal Shares closed at Rs 257.35 on Friday. Since then, the company’s stock has seen an increase of Rs 54.25. On Monday too, the company’s shares had increased by 5.38 percent. On Tuesday, the company’s stock has seen an increase of 15 percent. Due to this way, the company’s stock has seen a rise of 21 percent in two days. By the way, in the current year, the company’s stock has seen an increase of more than 9 percent. Whereas in a year, the company’s stock has seen a rise of 36 percent. In 6 months, the company has given more than 39 percent returns to investors.
Earning 52 thousand crores in two days
After this boom, there has been a lot of increase in the value of the company’s valuation. According to BSE data, when the stock market was closed on Friday, the value of the company was Rs 2,48,147.70 crore. Which increased to Rs 3,00,457.84 crore on Tuesday. In this way, the company’s market has seen an increase of Rs 52,310.14 crore. By the way, talking about Tuesday alone, the company’s valuation has seen an increase of Rs 38,955.39 crore during the business session.
Why did the company’s shares rise
The Quick-Commerce Platform Blinkit of Eternal has increased a year-on-year 127 per cent in the net order value, which reached Rs 9,203 crore. The special thing is that this is the first time that Blinkit has left behind the company’s traditional food delivery business for the first time. According to Nuwama’s report, the blinkit is looking better in terms of “growth. While Jefferies mentions a lack of concerns related to better margins and competitive pressures. Jefferies said that it had” taken over the competitive danger “for the blinking from other players including BigBasket, Flipkart, Swigi and Amazon.”