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Zomato Slumps Over 8% To Close At Lowest Level Since July 2022

Inc42 LogoInc422w ago

Zomato Slumps Over 8% To Close At Lowest Level Since July 2022 - Inc42

Quick Summary:

However, it recouped some of the loss to end the day 8.3% lower at INR 47.8 on the BSE, its lowest closing since August 1, 2022.

From Paytm to Nykaa, and EaseMyTrip to Tracxn, most new-age stocks fell in a range of 1%-5%.

Besides, the stock exchanges have also sought a response from the startup on reports that it is shutting down its 10-minute food delivery program ‘Zomato Instant’.


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Zomato Slumps Over 8% To Close At Lowest Level Since July 2022 - Inc42 (Picture 1)

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Article Details

Author / Journalist: Tapanjana Rudra

Category: StartupsBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-25 @ 13:28:56 (2 weeks ago)

News Timezone: GMT +5:00

Ranking: #468 (out of 9820 stories this day)

News Source URL: inc42.com

Language: English

Article Length: 429 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Inc42

News ID: 4775931

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About Inc42

Inc42 Logo

Main Topics: StartupsBusiness

Official Website: inc42.com

Update Frequency: 7 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 16 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #52

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The story "Zomato Slumps Over 8% To Close At Lowest Level Since July 2022" was covered 2 weeks ago by Inc42, a news publisher based in India.

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