News > Zomato, Paytm, Nykaa shares drop up to 19% amid brutal tech sell-off

Zomato, Paytm, Nykaa shares drop up to 19% amid brutal tech sell-off

Economic Times | 24/01/2022 11:22 AM | Click to read full article

Shares of listed start-ups and new-age technology companies have been under tremendous selling pressure due to higher valuations and a negative bottom line, which has jittered sentiments.

Zomato dropped 19 per cent to Rs 91.70 in early trade on Monday. Shares of another listed start-up, Nykaa, dropped 9 per cent to Rs 1817.7. The scrip has dived 30 per cent from its highest price scaled in November 2021.