Zomato shares turn volatile, end flat after co-founder Gaurav Gupta quits

The stock nose-dived into red, down almost 11 per cent from the intra-day high post the news break, and thereafter turned volatile on alternate bouts of buying and selling.

Rex Cano | Mumbai
Last Updated at September 14, 2021 15:39 IST

Shares of Zomato were in limelight on Tuesday, after one of the company’s top executive and co-founder Gaurav Gupta quit the company. The CEO Deepinder Goyal confirmed the news in a blog post. READ MORE

The stock had started the day on a positive note, and scaled a high of Rs 152.75. However, post the news break the stock nose-dived into red to a low of Rs 136.20, down almost 10 per cent from the day’s high.

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