Zomato Ltd sees 3.1% increase in stock, outperforms sector and Sensex

Zomato, a leading IT software company in the largecap industry, has seen a 3.1% increase in its stock on October 9th, 2024. According to MarketsMOJO, the stock has been given a 'Hold' call. The stock is currently trading at a price that is 3.54% away from its 52-week high of Rs 298.2.

In today's trading, Zomato has outperformed the sector by 2.33%. The stock has also been on a consecutive gain for the last 2 days, with a rise of 8.13% in this period. The day's high for the stock was Rs 288.4, showing an intraday increase of 3.37%.

Zomato Ltd is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the stock.

In comparison to the Sensex performance, Zomato Ltd has shown a 1-day performance of 3.23%, while the Sensex has only seen a 0.40% increase. In the last month, Zomato Ltd has outperformed the Sensex with a 9.42% increase, while the Sensex has only seen a 0.50% increase.

Overall, Zomato Ltd has shown a strong performance in the stock market, with a positive trend and outperforming the sector and Sensex. Investors are advised to hold onto their stocks and keep an eye on the company's future performance.