26000 crore investors drowned due to the fall in the price of Zomato's shares, the price of Paytm fell by 55 percent
Zomato Share Price Slips Below 100 Rupees: The share price of food delivery platform Zomato Ltd fell below Rs 100 for the first time since its listing in July 2021. On Monday, the first trading day of the week, the price of shares of Zometi fell by 18.26 percent and came down to Rs 92.90.
Zomato - Photo : www.zomato.com
Scope
The share price of food delivery platform Zomato Ltd fell below Rs 100 for the first time since it was listed in July 2021. On Monday, the first trading day of the week, the price of shares of Zometi fell by 18.26 percent and came down to Rs 92.90.
Zomato shares fell 25 percent
Since the listing, the stock price of Zomato has broken up to 25 percent. Due to this decline, those investing in this food delivery platform have suffered heavy losses. According to a report, the company's investors have lost assets worth about Rs 26,000 crore since the listing. Reports have suggested that the decline is mainly because the Federal Reserve has withdrawn liquidity amid high inflation and several interest rate hikes this year.
Paytm shares fall 55 percent
Along with Zomato, online payment service provider Paytm's parent company One97 Communication, CarTrade, PB Fintech and Fino Payments Bank also continued to decline. The share price of these companies has fallen by 10 to 50 percent from the IPO price. According to a report, Paytm's investors have suffered the most and its share price has slipped up to 55 percent from the listing price. With this, shares of Nykaa's parent company FSN have fallen 21 per cent from their post-listing highs.
To Read More Details of Below Products Please click the Images:
- InstaCuppa Electric Coffee Grinder with Metallic Burr Mill, 16 Precise Adjustable Grind Settings, Perfect for French Press, Espresso, Drip Coffee, Percolator Coffee, 2 to 14 Cup Capacity, 150 W
- Hercules Dynor RF 26T Single Speed Road Cycle (Ideal for : 12+ Years ,Brake : V Brake)
- Fitbit Sense Advanced Smartwatch with Tools for Heart Health, Stress Management & Skin Temperature Trends, Alexa Built-in, Carbon/Graphite, One Size (S & L Bands Included)
- Sparnod Fitness STH-3000 Series (4 HP Peak) 2 in 1 Foldable Treadmill for Home Cum Under Desk Walking Pad - Slim Enough to be stored Under Bed
- GoPro HERO9 Black — Waterproof Action Camera with Touch Screen 5K Ultra HD Video 20MP Photos 1080p Live Streaming Stabilization, Dual Screen, HyperSmooth 3.0 and Time Warp 3.0
- MAXPRO PTM405 2HP(4 HP Peak) Folding Treadmill, Electric Motorized Power Fitness Running Machine with LCD Display and Mobile Phone Holder Perfect for Home Use “DIY Installation with Video call assistance
