<p>Shares of online food delivery platform Zomato on Monday tumbled over 11 per cent and hit its all-time low in intra-day trade.</p>.<p>Zomato Ltd fell to its all-time low on Monday post the ending of the mandatory pre-IPO (Initial Public Offering) shareholders lock-in period on July 23, said Punit Patni, Equity Research Analyst at Swastika Investmart Ltd.</p>.<p>"It is generally seen that events like these lead to a glut of supply of shares in the equity markets thus creating pressure on its market price," he added.</p>.<p>The stock tanked 11.37 per cent to settle at Rs 47.55 apiece on the BSE. During the day, it tumbled 14.25 per cent to its all-time low of Rs 46.</p>.<p>On the NSE, shares of the company ended at Rs 47.60 apiece, lower by 11.27 per cent.</p>.<p>"Zomato has witnessed a significant underperformance since its listing and has fallen a whopping 71 per cent from its all-time high price. The company has been shunned by investors post the beginning of the rate hike cycle by the central banks globally and huge sell-off in the tech sector," Patni added.</p>.<p>In the equity market, the 30-share BSE benchmark fell 306.01 points or 0.55 per cent to settle at 55,766.22.</p>.<p>"Today Zomato share price touched an all-time low of Rs 46. Shares of the company got listed on July 23, 2021, so today is the end of one-year lock-in period for the shareholders," Rajnath Yadav, Research Analyst at Choice Broking, said.</p>.<p>Zomato touched new low on Monday as the lock-in period for investors who owned the stake in the company before its IPO ended, Mohit Nigam, Head - PMS, Hem Securities, said. </p>
<p>Shares of online food delivery platform Zomato on Monday tumbled over 11 per cent and hit its all-time low in intra-day trade.</p>.<p>Zomato Ltd fell to its all-time low on Monday post the ending of the mandatory pre-IPO (Initial Public Offering) shareholders lock-in period on July 23, said Punit Patni, Equity Research Analyst at Swastika Investmart Ltd.</p>.<p>"It is generally seen that events like these lead to a glut of supply of shares in the equity markets thus creating pressure on its market price," he added.</p>.<p>The stock tanked 11.37 per cent to settle at Rs 47.55 apiece on the BSE. During the day, it tumbled 14.25 per cent to its all-time low of Rs 46.</p>.<p>On the NSE, shares of the company ended at Rs 47.60 apiece, lower by 11.27 per cent.</p>.<p>"Zomato has witnessed a significant underperformance since its listing and has fallen a whopping 71 per cent from its all-time high price. The company has been shunned by investors post the beginning of the rate hike cycle by the central banks globally and huge sell-off in the tech sector," Patni added.</p>.<p>In the equity market, the 30-share BSE benchmark fell 306.01 points or 0.55 per cent to settle at 55,766.22.</p>.<p>"Today Zomato share price touched an all-time low of Rs 46. Shares of the company got listed on July 23, 2021, so today is the end of one-year lock-in period for the shareholders," Rajnath Yadav, Research Analyst at Choice Broking, said.</p>.<p>Zomato touched new low on Monday as the lock-in period for investors who owned the stake in the company before its IPO ended, Mohit Nigam, Head - PMS, Hem Securities, said. </p>