Shares of Zomato Ltd jumped over 6% on Wednesday's early trade following its founder and chief executive officer's comments on Twitter.
After the shares of One 97 Communications, the parent company of Paytm, soared post its December quarter earnings, Deepinder Goyal, founder of the food aggregator, congratulated Paytm and its founder Vijay Shekhar Sharma in a tweet and also made a suggestion that the firm was working to enhance its own profitability.
After achieving operating profitability with EBITDA (earnings before interest, taxes, depreciation, and amortisation) before ESOP cost at ₹31 crore, ahead of its guided timeline of September 2023, Paytm received favourable commentary from the global brokerages' analysts earlier this week.
"Congratulations, @vijayshekhar and @Paytm on becoming profitable. Sorry, a bit late to the party – was so busy working on our own profitability ;-)," said Deepinder Goyal in a tweet on Tuesday.
Following this tweet from Tuesday, shares of the company were trading in the green zone on Wednesday.
The company's average delivery volume is 25.98%.
According to a Mintgenie poll, 24 analyst recommend ‘buy’ rating for the stock.