Blinkit Blitz: Zomato shares tank 30% from peak. Is it overloading the delivery menu?

January 31, 2025

Zomato’s stock has dropped 30% from its peak in early 2025, leading to concerns about its growth trajectory. The company reported a significant loss in Blinkit due to heightened competition and substantial investments. Nevertheless, Zomato is committed to expanding Blinkit, Hyperpure, and quick restaurant delivery services, despite mixed analyst opinions on its future prospects.

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Sterlite Technologies shares rise 5% after subsidiary bags $1.1 billion hyperscaler AI contract

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