Zomato Limited, a leading foodtech company, has raised Rs 8,500 crore through a Qualified Institutional Placement (QIP) of equity shares, marking its first major fundraising since its 2021 IPO.

Amber Enterprises stock surged in today's trade as the company reported impressive quarterly numbers. Zomato has raised Platform Fee to ₹10 Amid Festive Season, Reflects 400% Hike Since 2023.

Motilal Oswal has issued a BUY recommendation for Zomato with a target price of Rs 320, representing a 21% upside from the current market price of Rs 265.

Market expert Sudeep Shah from SBI Securities has suggested two BUY Calls for short term traders.

Zomato’s recent acquisition of Paytm’s ticketing business for ₹2,048 crore signals a strategic expansion into the "Going out" sector, complementing its impending launch of the “District” app.

Zomato stock was trading firm after a block deal was reported early morning.