ZOMATO

plunges to 10%

Shares Plunge on Executive Resignation The shares of the online food delivery firm Zomato Ltd plunged 10% intraday on Monday after Rinshul Chandra, COO - Food Ordering and Delivery Business, designated as senior management personnel, submitted his resignation. Zomato stock plunged 10% intraday to Rs 189.60 against the previous close of Rs 210.65 on BSE, with the company's market cap standing at Rs 2.03 lakh crore. "We would like to inform that Mr. Rinshul Chandra, COO - Food Ordering and Delivery Business, designated as Senior Management Personnel ("SMP"), has tendered his resignation on April 5, 2025," said Zomato on BSE. Financial Performance and Market Trends In the third quarter of this fiscal, Zomato logged a 57 percent year-on-year (YoY) fall in profit after tax (PAT) at Rs 59 crore against Rs 138 crore in the same period a year ago. However, revenue from operations climbed 64 percent YoY to Rs 5,404 crore in Q3 against Rs 3,288 crore a year ago. The multibagger stock has lost 24% in 2025 but risen 10% in a year. Outlook and Volatility The stock of the online food delivery firm is bearish in the short as well as long term, as the scrip stands lower than the 5 day, 10 day, 20 day, 30 day, 50 day, 100 day, 150 day and 200 day moving averages. It has seen less volatility in the last one year with a beta of 0.9. Zomato stock ended 0.43% lower at Rs 209.75 against the previous close of Rs 210.65 on BSE, with a total of 43.28 lakh shares changing hands amounting to a turnover of Rs 88.73 crore on BSE. Note - Make sure to follow risk management and position sizing at all times