Zomato Faces Sustained Decline Amid Broader Market Challenges and Underperformance

Jan 13 2025 11:15 AM IST
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Zomato Ltd has faced significant challenges, experiencing a decline of 3.66% on January 13, 2025, and a cumulative drop of 17.87% over the past week. The stock is trading below multiple moving averages and has underperformed compared to the broader market and its sector.
Zomato Ltd, a key player in the IT software industry, has experienced a notable decline of 3.66% on January 13, 2025. The stock has been on a downward trajectory, underperforming its sector by 3.52%. Over the past week, Zomato has faced consecutive losses, accumulating a significant 17.87% decline.

On this trading day, Zomato reached an intraday low of Rs 233.8, reflecting a decrease of 3.79%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained period of underperformance.

In comparison to the broader market, Zomato's one-day performance of -3.68% contrasts sharply with the Sensex, which saw a modest decline of 0.52%. Over the past month, Zomato's stock has dropped by 18.85%, while the Sensex has decreased by 6.27%. These trends highlight the ongoing challenges faced by Zomato in the current market environment.
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