Zomato share price today plunges below IPO issue price


Shares of Zomato continued to extend decline as it plummeted to an all-time low level of 75 on the BSE in Tuesday’s deals, falling below the IPO issue price of 76. The stock is down over 41% in a month.

Last week, Zomato’s Q3 loss narrowed, helped by a one-time gain, while revenue jumped due to increased demand for restaurant meals. The food delivery platform reported a consolidated net loss of 67 crore, boosted by a one-time gain of 315.8 crore from the sale of stake in sports platform Fitso. 

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