Zomato's stock surged 10% to a record high of Rs 261 on August 2, driven by impressive Q1 earnings for June 2024. The company's net profit skyrocketed to Rs 253 crore, marking a staggering 12,550% increase year-on-year. Revenue also soared 75% to Rs 4,206 crore. This robust performance, combined with a 105% rise in the stock price year-to-date, has outpaced the Nifty 50's 14% gain. Analysts from Motilal Oswal are optimistic, noting Zomato's stable food delivery business and Blinkit's potential to disrupt retail and e-commerce sectors.