News > Zomato slips 5%, nears record low; market cap falls below Rs 1-trn mark

Zomato slips 5%, nears record low; market cap falls below Rs 1-trn mark

Shares of Zomato continued to wilt under selling pressure, as they slipped to an over five-month low at Rs 119.35, down 5 per cent on the BSE in Friday’s intra-day trade. The stock of food delivery giant traded lower for the fourth straight day, and had shed 11 per cent during the period.

With the last four day’s decline, the stock price of Zomato has tanked 29 per cent from its 52-week high.