Zomato, Paytm and PB Fintech among 35 BSE500 constituents rallying over 10% this week
The rebound in the market helped new age stocks recover, sending PB Fintech 21.82 per cent higher for the week. Zomato shares were in news, jumping 16.32 per cent to Rs 54.50. Uber Technologies sold its entire 7.78 per cent stake in Zomato in a bulk deal on the BSE, in which two institutional investors - Fidelity and ICICI Prudential Life Insurance - bought stakes in the new-age stock. US hedge fund Tiger Global also sold 184.4 million shares in Zomato between July 25 and August 2, as the one year lock-in period ends.