Zomato share price NSE, Zomato share price target, Zomato Q2 results: Zomato shares rallied over six per cent to clock a fresh 52-week high of Rs 123.9 apiece on the NSE on Monday, November 6, after CLSA upgraded the food aggregator and delivery company to to buy from outperform. The global brokerage upgraded the stock after Zomato posted an encouraging set of numbers for the quarter ended September (Q2 FY24).

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The company posted a profit for the second quarter in a row on the back of strong revenue growth. The stock's previous 52-week high level was Rs 119.9 clocked in Friday's session.

Zomato reported Rs 36 crore as net profit during the July–September quarter, as against Rs 251 crore loss incurred in the same quarter last year. The results were announced during market hours on Friday, November 3.

Zomato shares finished 5.97 per cent higher at Rs 123.45, thereby continuing the winning streak for the third session on the NSE. In addition, a block deal of Rs. 1.38 crore shares (0.16 per cent equity shares) took place in Zomato, as per the Zee Business report.

Here's how the counter moved on Monday, November 6: 

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