The share price of food delivery platform Zomato Ltd fell
below Rs 100 for the first time since it was listed in July 2021. On Monday,
the first trading day of the week, the price of shares of Zomato fell by 18.26
percent and came down to Rs 92.90.
Zomato shares fell 25 percent
Since the listing, the stock price of Zomato has broken up
to 25 percent. Due to this decline, those investing in this food delivery
platform have suffered heavy losses. According to a report, the company's
investors have lost assets worth about Rs 26,000 crore since the listing.
Reports have suggested that the decline is mainly because the Federal Reserve
has withdrawn liquidity amid high inflation and several interest rates hikes
this year.
Paytm shares fall 55 percent
Along with Zomato, online payment service provider Paytm's
parent company One97 Communication, CarTrade, PB Fintech, and Fino Payments
Bank also continued to decline. The share price of these companies has fallen
by 10 to 50 percent from the IPO price. According to a report, Paytm's investors
have suffered the most and its share price has slipped up to 55 percent from
the listing price. With this, shares of Nykaa's parent company FSN have fallen
21 percent from their post-listing highs.