Zomato’s shares fallen to their lowest ever price?

Zomato’s shares fallen to their lowest ever price?

Zomato shares in a free fall; hits a new all-time low.

Zomato share hits record low in this year, declines over 12% Heres what led to massive fall in stock price

Zomato’s shares fell to under Rs 50, an all-time low, on Monday (July 25), as the year long lock-in period for its pre initial public offering (IPO) ended on 23 July 2022). In the early hours of trading, the company’s scrip fell to as low as Rs 46, nearly 40 per cent down from its issue price of Rs 76. Biggest fall in this stock.

The primary reason behind the drop in the stock price was that around 613 crore shares came out of mandatory one year lock-in on July 23, 2022 and are available for normal trading.

Zomato’s shares fallen to their lowest ever price?

Why is Zomato stock falling?

Zomato’s shares tumbled today because the investor lock-in period ended today. As many as 613 crore shares which were locked in since the initial public offering (IPO) in July 2021, which can now be traded freely. This is not the first time that an investor lock-in period for Zomato has ended.

Is Zomato Ltd. a good buy?

• 6 analysts are recommending Strong Buy
• 7 analysts are recommending to Buy
• 2 analysts are recommending to Hold
• 1 analyst is recommending to Sell
• 1 analyst is recommending Strong Sell
  if your are interested to invest in Zomato Ltd. stock wait and watch the stock and buy around Rs @40 price.

What’s the Zomato Ltd. share price today?

Zomato Ltd. share price was Rs 47.50 as on Monday 25 Jul, 2022, 10:53 AM IST. Zomato Limited. share price was down by 11.46% based on previous close share price of Rs. 53.5. In last 1 Month, Zomato Ltd. share price moved down by 32.70%.

About Zomato

Official Website:- https://www.zomato.com

India’s largest Food Delivery, Dining and Restaurant Discovery Service. Better food for more people.

Zomato is an Indian multinational restaurant aggregator and food delivery company founded by Deepinder Goyal and Pankaj Chaddah in 2008. Zomato provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in select cities.

Owner: Info Edge (18.6%); Uber (9.1%); Alipay Singapore (8.3%); Antfin Singapore (8.2%)
Founders: Deepinder Goyal; Pankaj Chaddah
Founded: July 2008; 14 years ago
Number of employees: 5,000+
Headquarters: Gurgaon, Haryana, India
Traded as: BSE: 543320; NSE: ZOMATO.