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₹15,600 crore wiped off Zomato investors' wealth in 4 trading sessions
short by Kiran Khatri / on Friday, 21 January, 2022
Shares of Zomato fell for the fourth consecutive trading session to close below their listing price on Friday. Since January 17, the stock has fallen 15%, eroding over ₹15,600 crore from investors' wealth, Moneycontrol reported. On Friday, the shares fell nearly 10% and eventually settled at ₹114.10 apiece. Zomato listed at a 53% premium over IPO price in July 2021.
read more at Moneycontrol