Loss of Rs 1 lakh crore for believing Zomato?

Sindujaa D N
The share market is defined individually. Some say gambling. Others, with scientific understanding, can adapt to the situation from time to time and invest in it. There is no other source of income beyond that. It is for this reason that there are lots of entrants into the large-scale share market due to the corona due to work from home. Some shares in the stock market will rise exceptionally. At the same time, a few other stocks are turning everyone's expectations upside down and leaving a bad experience. zomato, freshly known to all, left behind such a bitter experience.
The fall in zomato shares has not been a frequent occurrence in recent times. On tuesday, it fell to a lifetime low of Rs 51.30. Today (Wednesday) it dropped another ten paise. Compared to tuesday .. the loss to the stock on wednesday is less. The stock is down nearly 30 per cent compared to its public issue price of Rs 76. In fact, if you look at Zomato's presence in the stock market .. the sky is the limit .. in a short period of time it seems to have fallen into the abyss. The stock was listed on the stock exchange on July 23 last year. On november 16, the stock touched a record high of Rs 169.10.
Looking at the latest all-time low, the unit is down 70 percent. As a result, the market value of the stock has evaporated to around Rs 1 lakh crore. In recent times, investors have been less likely to lose money due to such a large amount of stock. Why is this stock looking down? What is the reason? Looking for the answer to that question .. The company is growing concern over the future of the company by investing in loss-making companies like Blinkkit .. Ship Rocket .. music Pin. According to stock market experts, the resurgence of zomato shares is not a foregone conclusion. Anyway .. not to mention that it left a bitter experience for those who invested believing that the brand is familiar to everyone.
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