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Reading: Everlasting shares leap 3% from lows as Zomato hikes platform charge by Rs 2.4 per order
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PhreeNews > Blog > World > Business > Everlasting shares leap 3% from lows as Zomato hikes platform charge by Rs 2.4 per order
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Business

Everlasting shares leap 3% from lows as Zomato hikes platform charge by Rs 2.4 per order

PhreeNews
Last updated: March 20, 2026 9:58 pm
PhreeNews
Published: March 20, 2026
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Everlasting shares on Friday rose 3% from the day’s low of Rs 230.10 on the NSE to scale the day’s excessive of Rs 236.70 after its meals supply platform Zomato elevated the platform charge by Rs 2.40 per order. The inventory witnessed sturdy investor response with over 5.5 crore shares getting traded on the change. The traded worth of the shares stood at Rs 1,293 crore.

The inventory lastly ended at Rs 232.41, up by Rs 3.67 or 1.60% over the past closing worth of Rs 228.74.

On a pre-GST foundation, platform charge on Zomato is now Rs 14.90 per order from Rs 12.50 earlier, in line with a information report by ET Tech. The final such hike was undertaken in September 2025, the report mentioned. Zomato’s meals supply rival Swiggy is at present charging a charge of Rs 14.99 per order, together with taxes. Usually, the 2 gamers observe one another in altering these levies.

The transfer comes at a time when city mobility startup Rapido has launched its meals supply providing Ownly in Bengaluru, claiming that it’ll not cost any extra charges to clients or eating places aside from a supply cost.

Everlasting shares have seen vital correction, declining 30% up to now six months. It has underperformed Nifty and the BSE Sensex, which have declined 9% and 10%, respectively in the identical interval.

Dwell Occasions

The inventory is at present buying and selling beneath its 50-day and 200-day easy transferring averages (SMAs) of Rs 265 and Rs 291, respectively, in line with Trendlyne knowledge.
Additionally learn | Nifty Financial institution logs Third-worst March fall for the reason that world monetary disaster. HDFC Financial institution, SBI amongst prime culpritsEternal, which additionally operates fast commerce arm Blinkit, reported a 73% year-on-year (YoY) rise in consolidated internet revenue to Rs 102 crore. Income from operations surged 201% YoY to Rs 16,315 crore.

Income development was primarily pushed by an accounting shift to stock possession in fast commerce, the place income now consists of the complete worth of products bought fairly than simply market fee. In accordance with Everlasting, the like-for-like income development through the quarter was 64% YoY.

Consolidated EBITDA elevated 28% YoY to Rs 364 crore, whereas rising 63% QoQ.

For the meals supply enterprise, adjusted income rose 26% YoY to Rs 2,413 crore. Internet order worth (NOV) elevated 17% YoY, accelerating from 13.8% development within the earlier quarter. This marked the second consecutive quarter of NOV development acceleration, following a trough of 13.1% in Q1FY26. Gross order worth (GOV) development for the third quarter stood at 21% YoY.

Additionally learn | 83% of BSE 500 shares plunge as much as 35% amid Mideast conflict. Do you personal any?

(Disclaimer: The suggestions, solutions, views, and opinions given by the specialists are their very own. These don’t characterize the views of The Financial Occasions.)

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