Zomato, Gravita shows signs of recovery

Online food delivering company Zomato shows signs of recovery for another day on Thursday. Zomato made its debut on the stock market In November with an exceptional opening. However a couple of days back it hit an all time low. Since then it has been on its path of recovery. On Thursday, the stock climbs by another 5 per cent and closed at  Rs 89.25. Recently Zomato has released its quarter three results where it registered decent profits. Other than Zomato, shares of a metal recycling company, Gravita India also rose by one percent. The stock has rose by 400% in one year. Shares of Punjab & Sindh Bank also rose by over 1 per cent after an infusion of funds was announced by the company.