Zomato Shares Extend Losses For Fourth Day, Plunge 5% To INR 203.80

Zomato’s shares have continued to fall for the fourth consecutive day, dropping 5% to INR 203.80. This slump is driven by concerns over the company's profitability and its ability to sustain growth amid rising operational costs. Zomato, a leading food delivery platform, is facing increased competition in a saturated market, contributing to investor uncertainty about its future prospects. The ongoing decline in its share price highlights the challenges faced by the company in maintaining its competitive edge.