Zomato Share Price fall: 26000 crore investors drowned

According to a report, the company's investors have lost assets worth about Rs 26,000 crore since the listing.

share market, stock market, investing, trading, stock market India, Zomato Shares,  Business news, Economy, Investment, Analysis, Reports, Announcements, English, True Scoop News- True Scoop
The share price of food delivery platform Zomato Ltd fell below Rs 100 for the first time since it was listed in July 2021. On Monday, the first trading day of the week, the price of shares of Zomato fell by 18.26 percent and came down to Rs 92.90.

 
Zomato shares fell 25 percent

Since the listing, the stock price of Zomato has broken up to 25 percent. Due to this decline, those investing in this food delivery platform have suffered heavy losses. According to a report, the company's investors have lost assets worth about Rs 26,000 crore since the listing. Reports have suggested that the decline is mainly because the Federal Reserve has withdrawn liquidity amid high inflation and several interest rates hikes this year.


 
Paytm shares fall 55 percent

Along with Zomato, online payment service provider Paytm's parent company One97 Communication, CarTrade, PB Fintech, and Fino Payments Bank also continued to decline. The share price of these companies has fallen by 10 to 50 percent from the IPO price. According to a report, Paytm's investors have suffered the most and its share price has slipped up to 55 percent from the listing price. With this, shares of Nykaa's parent company FSN have fallen 21 percent from their post-listing highs.


Trending