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

New Delhi, Jan 21 (PTI) 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 ₹59 crore.

The scrip of the company fell 11.81 per cent to ₹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 ₹215.80 per piece.