Zomato shares decline further, down 18% in early trade due to low valuations
Shortpedia
Content Team
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Shares of online food aggregator Zomato extended its losses from last week and declined 18 per cent in early trade on Monday apparently due to low valuations. Over the past one-month period, Zomato's shares fell nearly 30 per cent. Listed in July 2021, Zomato shares are, however, up more than 20 per cent from its IPO issue price of Rs 76. At 12.43 p.m. on Monday, it was at Rs 93 per share.
