Shares of Zomato, the food-delivery company, traded lower on Friday, December 8, after snapping a two-day winning streak. The selling pressure was seen in the stock after, in the pre-opening market session, 9.27 crore shares, which implies a 1.07 per cent stake, changed hands through multiple block deals.As per Zee Business Research, Japan’s Softbank’s SVF Growth was expected to offload a 1.1 per cent stake in the company, which is valued at Rs 9.35 crore. Soft Bank Group company Svf Growth (Singapore) Pte Ltd holds a 2.17 per cent stake in Zomato as per data on BSE. Information about the seller is unavailable as of now.At around 12:30 p.m., shares of Zomato traded 0.82 per cent lower on the BSE at Rs 120.8 apiece. The market capitalisation of the company stood at Rs 1,05,227.86 crore at around the same time.TRENDING NOWIndia vs South Africa 2023-24: T20, ODI, Test Matches Full Schedule, Match Dates, Time in IST, Venues, Squad, Free Live Streaming DetailsAprilia RS457: Aprilia’s first made-in-India motorcycle to launch today – Check price, specificationsHDFC SKY redefines share market navigation with advanced demat account app for seamless wealth creationRBI to set up cloud facility for financial sector and fintech repository; here is what you need to knowInflow in equity mutual funds drops 22% in November; SIP hits fresh high at over Rs 17,000 croreIndia Shelter Finance IPO to hit D-Street soon; check out price band, other detailsWhere to buy X followers to boost your brandOrchid Pharma shares hit 20% upper circuit as Investec initiates ‘Buy’ citing strong growthReady to introduce same-day settlement of trades by March 2024: SebiRBI keeps repo rate steady for the 5th time: Here is what market experts, analysts and industry leaders sayICSE, ISC Board Exam 2024 date sheet released: Check board exam schedule, direct link, other details hereRBI monetary policy | MPC keeps repo rate unchanged at 6.5% for fifth consecutive time; top highlightsGoogle rolls out ‘migration’ tool ahead of its Podcasts’ shutdown in April 2024IBA inks agreement with unions; bank staff pay to increase by 17%CMF Buds Pro review: Feature packed true wireless earbudsZomato reported a consolidated net profit of Rs 36 crore for the July–September period, as against a consolidated net loss of Rs 251 crore for the corresponding quarter a year ago.Its revenue came in at Rs 2,848 crore for the second quarter of the current financial year, an increase of 71.5 per cent compared with the corresponding period a year ago, according to a regulatory filing.Recently, global brokerage HSBC retained its ‘buy’ on the food services aggregator and set a target of Rs 140. This is a significant upside of 14.9 per cent from the last closing price of Rs 121.8 apiece.In 2023, so far, Zomato shares have given 100 per cent returns to investors against the Nifty 50’s rise of over 15 per cent.Catch lateststock marketupdates here. For all other news related to business, politics, tech, sports and auto, visitZeebiz.com.