Zomato shares fall 4%

Zomato’s shares fell nearly 4% during intraday trading on Feb. 4, reaching 229.35 rupees (US$2.63) on the Bombay Stock Exchange (BSE).

The drop resulted in a market capitalization of 2,24,032 crore rupees (US$25.75 billion), with over 2.28 crore (22.8 million) shares traded by 11:58 AM.

Year to date, Zomato’s stock has declined by about 16%.

By the time of this report, shares recovered slightly, trading 2.5% lower at 232.05 rupees (US$2.66) each on the BSE.

Recent Zomato developments

Timeline
29-Jan-2025 🍽️ Zomato appoints former executive to head dining out vertical Shalin Bhatt appointed head of dining-out Focus shifts to District app with rising revenue
28-Jan-2025 📈 Zomato-backed Shiprocket becomes public ahead of $289m IPO Shiprocket approved for IPO, aims to raise ₹2,500 crore Revenue up 21% YoY, but net loss widens to ₹595 crore
21-Jan-2025 📉 Zomato shares fall 8% after Q3 profit drop Zomato shares drop 8.02% post Q3 FY25 results Net profit falls 57.2% year-on-year to 59 crore rupees
21-Jan-2025 📉 Zomato’s profit drops 57% as Blinkit expands Zomato’s profit down 57% to ₹590 million Blinkit losses widen amid competition, targets 2,000 stores
19-Jan-2025 💰 Zomato invests $57.7m in Blinkit amid quick commerce race Zomato invests ₹500 crore in Blinkit Total investment reaches ₹2,300 crore since acquisition

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Recent Zomato developments

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