Why did the Zomato stock price drop?
Analysts point to macroeconomic factors and global volatility behind the recent sale of New Age assets such as Zomato. Colleagues from industries like Paytm, Nykaa, and Policybazaar have also seen big sales in recent months.
On technical charts Zomato looks week in short term and sees next support around 75 - closing below that can lead to further downtrend. Stay cautious on this counter.