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Shares of food delivery platform Zomato (Zomato Share Price) have seen a drop of more than 6 percent today. After which the shares of the company fell to the level of Rs 101.20 in BSE. The decrease in the share price of the company is due to buying and selling of 42.4 lakh shares. It is not known today who bought and who sold the shares of the company.
According to Trendlyne data, foreign investors own 54.7 percent of Zomato. Whereas, mutual funds have a share of 10.6 percent.
Also Read: 4-day rally breaks, shares fall prey to profit booking, price falls 11 percent.
Profit in the first quarter
The first quarter of the current financial year of the company has been very good. The company has made a profit of Rs.2 crore during this period. While Zomato had a loss of Rs 186 crore in the same quarter a year ago. According to the April-June quarterly report, Zomato’s revenue was Rs 2416 crore. This is a 71 percent increase year-on-year.
Ambani’s team bought 6 crore shares of this company, the listing took place in August.
However, Zomato shares have seen a decline today. But in the last 6 months, the share price of the company has seen an increase of 75 percent. At the same time, it has given local investors a return of up to 70 percent in 2023.