The Zomato Share Price Plunged 14% To A New All-time Low,

There was a huge drop of 14% in the Zomato share price this morning; find out why the sell-off is so high

After the one-year lock-in period for pre-IPO investors expired on Monday, Zomato's share price plunged by more than 14 per cent to Rs 46 per share, a new all-time low on BSE

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There was an all-time high of Rs 169.10 per share last year, but the stock price has fallen 73 percent since then.

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[{"selector":"#anim-2ddf80e1-f76c-4c0a-8c81-021794a3dbdc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-2.4169204500918053%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] [{"selector":"#anim-30632dd6-5007-49f9-88d6-3dd89ccff8df","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7dd7e3bb-ea4c-4254-b1a3-c4273626e93b","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Zomato's stock has fallen 65 percent year-to-date. Stocks have been pushed into oversold territory by the end of the one-year lock-in period, according to analysts.

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[{"selector":"#anim-fab056ff-bb3e-4f5c-bcb7-000a71270f71 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-2.4169204500918053%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] [{"selector":"#anim-0c70cffc-2e26-4bf6-8ef2-a654d011b9c7","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-63134e04-cdef-4d9b-886e-27fa71bba687","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] "Until Zomato closes above 49 on the daily chart, investors should not purchase it at current levels.

[{"selector":"#anim-6e49fe96-ba7c-4185-b686-d2377ac1b2da [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-2.4169204500918053%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] [{"selector":"#anim-da72530b-9832-49cf-b176-779201d3d115","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4a374be2-2c00-498c-8bbc-01705f149261","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] According to AR Ramachandran, Co-founder & Trainer, Tips2Trades, it may even breach support of 42 if broader market weakness persists.

[{"selector":"#anim-d6644559-9676-4be5-b07f-d8c33b181445 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-2.4169204500918053%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] [{"selector":"#anim-407867fa-40e0-4d5a-a42f-31a104b8df08","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c769b5ed-c54f-442a-bf55-5ae17e9e1c66","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] As a result of global tech stock corrections and concerns over the Blinkit acquisition, Zomato has corrected significantly from its high.

[{"selector":"#anim-6f6e77c6-795c-4bdc-86ff-6de14182bffc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-2.4169204500918053%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] [{"selector":"#anim-ffa3a4dc-4f35-4428-9889-91852a0191a2","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-ef1e9cd2-227f-43f2-8c18-1e23a65d138a","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":3000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] For more information and news, please visit our website. Click on the link below to visit our website. We appreciate you taking the time to read our storie click here more news