Zomato Share Price Plunges Over 9% After Q3 PAT Slumps 57% YoY: Is It Time to Buy or Sell?
Zomato’s stock took a significant hit on Tuesday, dropping more than 9% after the company’s latest quarterly results revealed a sharp decline in profits. The poor performance has raised questions about the stock’s near-term prospects and whether it’s time for investors to buy the dip or sell their holdings. Weak Q3 Earnings and Declining Profit Zomato’s net profit for the December quarter plummeted by 57.2%, falling to ₹59 crore compared…