Zomato shares turn volatile, end flat after co-founder Gaurav Gupta quits

The stock nose-dived into red, down almost 11 per cent from the intra-day high post the news break, and thereafter turned volatile on alternate bouts of buying and selling.

Shares of Zomato were in limelight on Tuesday, after one of the company’s top executive and co-founder Gaurav Gupta quit the company. The CEO Deepinder Goyal confirmed the news in a blog post. READ MORE

The stock had started the day on a positive note, and scaled a high of Rs 152.75. However, post the news break the stock nose-dived into red to a low of Rs 136.20, down almost 10 per cent from the day’s high.

It, however, recouped its losses and bounced back into the positive zone. Thereafter, the stock is exhibiting high amount