Falling for the third consecutive session, Zomato share price cracked 5 per cent in morning trade on the BSE on Wednesday, January 22.

Zomato’s share price has fallen more than 17% in the past five trading sessions. It has fallen almost 24% in the last one month and 5.6% in the previous six months. However, the stock has given a return of 61% in the last one year.

In the case of Zomato, HSBC noted that aggressive store additions is leading to heightened losses and, hence, the recent stock correction.

Shares of Zomato Ltd. slumped more than 13% on Tuesday after losses in the quick commerce segment caused the company’s earnings to fall short of analyst estimates.

India’s food delivery giant, Zomato’s share price crashed after the company posted its earnings report for the quarter ended December earlier this week. Zomato’s stock has slumped over 15% this week.

Shares of food tech unicorn Zomato plummeted 12 per cent in the morning trade on Tuesday after the food delivery aggregator reported a 57

Zomato share price dropped over 9% following a 57.2% decline in Q3 net profit to ₹59 crore. The company reported a revenue of ₹5,405 crore, while total expenses surged to ₹5,533 crore, reflecting challenges amid rapid expansion and demand slowdown.