Zomato Extends Fall, Tanks Over 8% To Slip Below Issue Price: 5 Key Points
Shares of Zomato plunged sharply on Tuesday continuing the downward trend after posting its quarterly numbers for the December quarter of the current financial year 2021-22. The food delivery company had narrowed consolidated net loss to Rs 67.2 crore for the third quarter (Q3) as against Rs 352.6 crore in the same quarter last fiscal. Though, the company's expenses in Q3 had surged on a yearly basis.
Source: ndtv.com