Zomato posted a ₹1,222 crore loss but its stock gained 18% — reasons behind the surge
Zomato has been losing steam ever since PayTM’s listing debut took the wind off all tech startup valuations. But today, the stock gained 18% even as it posted a net loss of ₹1,222 crore for the March quarter - which swelled by ₹400 crore since last year. The secret of this investor interest does not come from its revenues which nearly doubled either.