Zomato share price crash: Why have Zomato shares tanked over 30% from all time highs & what should investors do?
Zomato attributed the weaker numbers to increased investments. (AI image)
Zomato share price: Shares of Zomato, an online food delivery and quick-commerce platform operator, have plunged over 30% since early December 2024 when they had surged to a record high. In 2024, Zomato shares surged as much as 145%.
On Tuesday, Zomato shares plummeted by over 10% after the company reported a 57% year-on-year drop in consolidated net profit for the December quarter. The disappointing earnings also affected its smaller rival, Swiggy, whose shares declined by 8%.
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What Do You Think Contributes Most to a Share Price Crash?
On Wednesday, Zomato’s stock witnessed a sharp decline of 5.1% to reach Rs 203.80 on the BSE, seeing a total fall of 18.1%…
