News > In Zomato crash, symptoms of new-age stock shocks
In Zomato crash, symptoms of new-age stock shocks
The Indian Express | 15/02/2022 08:12 PM | Click to read full article
Shares of Zomato Ltd fell to an all-time low on Tuesday (February 15), hitting Rs 75.75 apiece on the BSE, and taking the stock below its IPO issue price of Rs 76. Recently listed new-age businesses saw a lot of selling pressure, which was largely driven by macro factors and global volatility.
Also, the fact that people have begun to eat out again as the Covid curve flattens, could have had a role to play.
