Zomato leads the fall in new-age stocks
时间:2024-06-26 21:02:15 阅读(143)
The Zomato stock has lost more than Rs 1 trillion in market capitalisation since it hit a peak of Rs 169.10 on November 16, 2021, with the shares plunging to Rs 41.65 apiece on Tuesday. In just two sessions, the food delivery player, which listed on the bourse on July 23, 2021, has given up close to Rs 9,450 crore in value. With the lock-in period for anchor investors lifted, the Zomato stock had plunged 11.4% on Monday. The price of the shares in the initial public offering (IPO) was Rs 76 per share.
The weakness in the Zomato counter rubbed off onto other new-age tech company (NATC) stocks. A clutch of eight stocks has lost Rs 18,000 crore in value over the last two sessions with Paytm losing Rs 2,832 crore in value and Delhivery losing Rs 3,387 crore. Nykaa was the sole gainer.
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- e 39,500. “Support placed at 17900 and 39,200.” Meanwhile, Nagaraj Shetti believes that any lack of strength around 17900-18000 levels in the next 1-2 sessions could pull Nifty below the resistance area in the short term. “On the other side, a decisive move above 18K mark is likely to pull Nifty towards the next upside target of 18600 levels in the near term. Immediate support is placed at 17760 levels,” he said.
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FII and DII trades: Foreign Institutional Investors (FII) have been net buyers of domestic stocks for successive days now. On Wednesday, FIIs pumped in Rs 2,347 crore. Domestic Institutional Investors (DII) have been net sellers, pulling out Rs 510 crore yesterday.
IPO watch: Syrma SGS Technology enters the final day of bidding today. So far the issue, that opened last week, has been subscribed 2.27 times. Retail investors have subscribed their portion 2.66 times while NIIs have bid for their quota 3.58 times and QIB portion has been bid for 0.71 times.
- Rupee falls 8 paise to 83