Latest updates on Zomato Share Price today: The Zomato stock has fallen 14.26 per cent as of 25th July, 2022 (Monday). The price of one share is Rs. 46 now on both NSE (National Stock Exchange) and BSE during today’s morning deals.
Shares of Zomato, India’s restaurant discovery and online food delivery platform, has crashed by more than 14 per cent, thus hitting the company’s all-time low value at the beginning of this week. The price of one share fell to Rs. 46 now on both NSE (National Stock Exchange) and BSE during today’s morning deals. Read the complete article to know all about Zomato share price today.
Zomato Share price in 2021 vs. Zomato Share Price today:
In 2021, the company had made its blockbuster debut for the first time on the bourses, recording a premium of 65.59 per cent on day 1. It started building on its gains over the next couple of months. On November 16, 2021, Zomato’s share price peaked to Rs. 169.10, its lifetime high. Unfortunately, after than things started going downhill for the company in the share market. Since then, Zomato has only witnessed a steady decline in its price per share. After eight months from its highest price, Zomato share price today has crashed by almost 73 percent.
Analyzing the recent performance of Zomato in the stock market, Punit Patni, the known equity research analyst, has opined, “The company has been shunned by the investors post the beginning of the rate hike cycle by the central banks globally and the huge sell-off in the tech sector. Further, the company will take significant time to show profitability and the current market sentiments are punishing startups that are growing without.” Rising competition in big cities has also impacted Zomato’s business and revenues.
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