Friday, 24 March, 2023

Stock prices of Zomato, Paytm, Nykaa drop to lowest level since their IPO

<p>Zomato and Paytm stocks hit their respective lows since listing. On Monday&#39;s early deals, Zomato&#39;s shares fell over 18% to Rs 92 apiece on the BSE. Paytm shares were down by 4% trading at Rs 924 apiece. Zomato went public in July 2021 and is up more than 30% from its initial public offering (IPO) price of Rs 76. Paytm, on the other hand, is down nearly 57% from its IPO price of Rs 2.1K. Nykaa shares were down from its all-time high by over 13% to Rs 1.6K.</p>