Shares of food aggregator platform Zomato plunged 15 per cent, hitting almost six-month low of Rs 44.35, on the BSE in Wednesday's intra-day trade amid heavy volumes. The stock was trading at its lowest level since July 28, 2022. It had hit all-time low of Rs 40.55 on July 27, 2022.
At 10:53 AM, Zomato was quoting 7 per cent lower at Rs 48.65, as compared to 1.04 per cent decline in the S&P BSE Sensex. A combined 115 million equity shares had changed hands on the NSE and BSE till the time of writing of this report.
In the past three months, the stock price of Zomato has tanked 31 per cent, as compared to 1.5 per cent rise in the S&P BSE Sensex.
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.
Subscribe To Insights
Key stories on business-standard.com are available to premium subscribers only.Already a BS Premium subscriber? Log in NOW
What you get on Business Standard Premium?
- Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
- Pick your 5 favourite companies, get a daily email with all news updates on them.
- Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
- Preferential invites to Business Standard events.
- Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
Now, order your iPhone 14 on Blinkit and get it delivered in minutes
Quick commerce: One lighter a day, Rs 9,500 tip; insight into Blinkit use
Night grocery delivery: Next on agenda for quick e-commerce platforms
Mswipe Technologies gets RBI approval for payment aggregator's licence
Blinkit to deliver boAt headphones and accessories within minutes
TVS Motor gains 3% in weak market on stable Q3 performance
Indus Towers tanks 5%, hits over 2-year low on reporting net loss in Q3
Australian dollar jumps, kiwi slumps after unexpected inflation data
Stocks to Watch: Maruti, TVS Motor, Coffee Day, Indus Towers, SBI Card, IOC
MARKETS: Sensex tanks 850 pts to day's low, Nifty below 17900; SBI sinks 4%