Zomato slips 5%, nears record low; market cap falls below Rs 1-trn mark

The stock has declined 11% in the last four trading sessions, and now trades closer to its record registered on its debut day, July 23, 2021.

Shares of Zomato continued to wilt under selling pressure, as they slipped to an over five-month low at Rs 119.35, down 5 per cent on the BSE in Friday’s intra-day trade. The stock of food delivery giant traded lower for the fourth straight day, and had shed 11 per cent during the period.

With the last four day’s decline, the stock price of Zomato has tanked 29 per cent from its 52-week high of Rs 169.10 hit on November 16, 2021. The stock now quotes closer to its record low price of Rs 114 touched on its debut day,