Zomato Surpasses HAL In Market Cap As New-Age Stocks See Momentum

Food delivery and quick commerce platform Zomato has overtaken state-run aerospace giant Hindustan Aeronautics Ltd. in market capitalisation. As of August 20. Zomato's market cap stands at Rs 3.10 lakh crore, edging past HAL's Rs 3 lakh crore, marking strong movement in the domestic investment picture. Other new age stocks that have rallied include Paytm's parent company One 97 Communications Ltd One 97 Communications Ltd. which has seen a 26% spike in share price since January. Following close, Nykaa's parent company FSN E-Commerce Ventures Ltd. has also spiked over 36% year to date.