Zomato tanks 14% in 2 days post Q3; analysts cut earnings, target estimates

Zomato share price: Investors heavily dumped Zomato shares on Tuesday, disappointed with a surprisingly weak December quarter (Q3FY25) performance. The stock crashed 11 per cent on the BSE to end at Rs 214.65 per share, marginally off the day’s low of Rs 210.15 (down 12.78 per cent).

The stock has plummeted 13.7 per cent in two sessions as analysts cut their earnings estimates and share price targets. By comparison, the BSE Sensex index ended 1,235 points, or 1.6 per cent, lower on Tuesday.