With a big drop in Zomato on Friday, the company's market capitalization has come down to Rs 71,236 crore below Rs 1 lakh crore. The highest level of Zomato has been Rs 169 per share. Many brokerage houses have given a salad of buying in the stock of Zomato. The future of the food delivery business is being said to be bright. A target of up to Rs 220 has been given for Zomato.
The steep drop in the stock price lowered Zomato's market capitalisation below one trillion rupees, to Rs 83,537 crore on Friday, as per BSE data. The decline caused the company to drop out of the 50 most-valued listed companies in terms of market cap, reported Business Standard.
