India, Feb. 25 -- Shares of foodtech major Zomato surged as much as 3.16% to INR 229.65 during the early trading session on the BSE today (February 25).

Even at 11 AM, the stock remained up by 3.1% against its previous close of INR 222.60. At this price, Zomato's market capitalisation stood at INR 2,21,572 Cr, with a trading volume of 1.8 Cr shares.

Just a day ago, Zomato injected another INR 1,500 Cr into Blinkit, following an infusion of INR 500 Cr last month. Cumulatively, the company has invested INR 4,300 Cr in Blinkit since its acquisition.

The stock's rally also coincided with global brokerage firm Bernstein reiterating its optimism on Zomato, maintaining an 'outperform' rating with a target price of INR 310 per share.

Accordin...