Zomato shares continue to slump for 2nd day; plunge 12 pc

Shares of food tech unicorn Zomato plummeted 12 per cent in the morning trade on Tuesday after the food delivery aggregator reported a 57.2 per cent drop in consolidated net profit for the December quarter to Rs 59 crore.

The scrip of the company fell 11.81 per cent to Rs 212.50 apiece on the BSE.

On the NSE, shares of Gurugram-headquartered Zomato depreciated by 9.99 per cent to hit its lower circuit level of Rs 215.80 per piece.