Zomato share Price has seen a big fall on Friday’s trading session. The stock fell 10 percent to as low as Rs 112.55 for the first time till its listing day.
A company that got listed in 2021 had made its investors rich with its explosive listing on the Stock exchange had a very bad day on Friday. Zomato’s share price fell drastically and for the first time, it traded below its listing price.
Update Zomato Share Price:
Zomato was listed at 115 per share and the issue price was Rs 76 per share. But on Friday Zomato’s share had seen dropped by 10 percent. The Zomato Continued to fall on its day fourth as well and the Friday trading session price fell flat. The price dropped by 10% from 115 to 112.55, and the market closing time was settled with a negative of 9.23% I.e. Rs 113.65.
The market cap of Zomato fell below Rs 1 lakh crore and now stands at Rs 89,458 crore. The highest stock price company has seen is Rs 169 per share. Many brokerages houses have given a salad of buying in the Stock of Zomato. Many experts believe that the food delivery industry has a bright future. A target of up to Rs 220 has been given for Zomato. But after the market trend, it is feared that the stock of Zomato may go further down.
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