Zomato And Paytm Shares Drop Up To 19 Percent

Mumbai: In a major setback, the share price of food delivery company Zomato dropped below Rs 100 for the first time since it was listed in July 2021.

Zomato stock fell over 18 percent from Rs 92 on the Bombay Stock Exchange (BSE) in early deals on Monday. The stock has lost more than 25 percent in the last five trading sessions.

On the other hand, Paytm's stock was also seen trading at 924, the lowest level ever, breaking about 4 percent.

Notably, new-age tech stocks Zomato and Paytm stocks are continuously diving. On the first day of the trading week, both the stocks remained under pressure by reaching their lowest level since listing.

At 11.30, the stock of Paytm reached Rs 906.

Indian markets have had a weak start on Monday, the first trading day of the week. Sensex is trading at the level of 58,329, down 707 points or 1.20 percent.

Nifty is also seen at the level of 17,392.45 with a fall of 236 points or 1.33 percent around 11 o'clock.

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