Zomato hits record low, m-cap falls below ₹1trn
Business Standard|January 22, 2022
Shares of Zomato continued to wilt under selling pressure on Friday, falling 9 per cent on the BSE to ₹113.75, the lowest close since its listing on July 23, 2021.
DEEPAK KORGAONKAR

The sharp decline in the stock price dragged its market capitalisation (m-cap) to below the ₹1-trillion mark to ₹89,537 crore on Friday, the BSE data showed. With this, Zomato has dropped out of the 50 most valued listed companies in terms of m-cap.

The stock of the food delivery giant traded lower for the fourth straight day, shedding 16 per cent during the period.

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