The shares of Zomato Limited plunged more than 14% to reach ₹46 a piece, an all-time low. This happened as the one-year lock-in period for the pre-IPO investors had ended. This has led to a selling rush as per analysts. “As there is no promoter, all shareholders, including the founders, collectively owning 77.87 per cent [...]
Zomato Limited was listed on the bourses on 23rd July 2021. This means that the one-year lock-in period for the employees and others will end on July 23, 2022. Analysts have cautioned investors that there is a sell-off risk in the stock in the short to medium term which can drive the share price southwards. [...]
Most of the sectoral indices ended in the green this week. Oil & Gas, Metal, Power and FMCG gained 1-2% as we approached the closing bell on Friday. The IT sector, however, was in the red. BSE midcap and small-cap indices rose by nearly 1%. The BSE Sensex advanced and settled at 59447.18 while the [...]
The Indian food delivery industry which is expected to breach the $10 billion GMV (Gross Merchandise Value) by 2025 is going through a major shift in strategy as Swiggy and Zomato are targeting a new segment that could eventually dictate their market share. Currently, both of them have a market share of 45% each and [...]
Zomato’s shares have been falling since the last five trading sessions, they fell by more than 18% today and may weaken further.This is due to GST, bearish global trends and the fear of tightening by the US Fed.People are selling this growth stock, however, it is the right time to make most of this opportunity [...]
Synopsis: "ZUL was not a material subsidiary of the company (Zomato) and didn't have any business activity and the dissolution of ZUL will not affect the turnover/revenue of the company." Zomato said Zomato had previously listed at a 52 per cent premium at ₹ 115 on stock exchanges on July 23. Zomato, India's largest meal [...]
