Zomato, Swiggy shares rally up to 10% following income tax relief announcement
- Posted on February 1, 2025
- By Business News Today
- 2 Views
Zomato, Swiggy shares rally up to 10% following income tax relief announcement
Zomato and Swiggy shares surged up to 10% after Finance Minister Nirmala Sitharaman announced an income tax exemption for individuals earning up to ₹12 lakh. Analysts expect this move to boost consumption, benefiting FMCG, retail, and consumer-driven sectors.
