Zomato shares continue to slump for 2nd day; plunge 12 %
Shares of Zomato fell by 12 per cent after a 57.2 per cent drop in its consolidated net profit for the December quarter. This decline also impacted Swiggy's shares, which fell by over 10 per cent. Zomato's revenue increased, but total expenses also surged significantly.
Shares of Zomato fell by 12 per cent after a 57.2 per cent drop in its consolidated net profit for the December quarter. This decline also impacted Swiggy's shares, which fell by over 10 per cent. Zomato's revenue increased, but total expenses also surged significantly.
