In the case of Zomato, HSBC noted that aggressive store additions is leading to heightened losses and, hence, the recent stock correction.

Zomato share price dropped over 9% following a 57.2% decline in Q3 net profit to ₹59 crore. The company reported a revenue of ₹5,405 crore, while total expenses surged to ₹5,533 crore, reflecting challenges amid rapid expansion and demand slowdown.

The largest food delivery online company, Zomato Ltd share price witnessed massive selling pressure on Tuesday, January 21, after it reported mixed performance in Q3 of FY25.

Shares of Zomato fell 9 per cent to Rs 219 on BSE. IIFL Securities downgraded the stock to 'ADD' with a target price of Rs 250 from Rs 300 earlier, as it expects competition to first peak out in 2025.

Zomato’s share price has fallen more than 17% in the past five trading sessions. It has fallen almost 24% in the last one month and 5.6% in the previous six months. However, the stock has given a return of 61% in the last one year.

Falling for the third consecutive session, Zomato share price cracked 5 per cent in morning trade on the BSE on Wednesday, January 22.

Shares of food tech unicorn Zomato plummeted 12 per cent in the morning trade on Tuesday after the food delivery aggregator reported a 57

The shares of online food delivery and quick commerce major, Zomato, took a major beating in the stock market on Tuesday. The company’s shares declined close to 10 per cent in the morning market hours following disappointing results declared for the third quarter on Monday.