India, March 11 -- Shares of foodtech giant Zomato slumped 5.4% to INR 199.75 during the intraday trading session on the BSE on Tuesday (March 11).

However, the stock made a slight recovery from there and was trading 4.8% lower at 12:30 PM from its previous close of INR 211.20 on the BSE. The company's market capitalisation stood at INR 1.94 Lakh Cr and more than 6.6 Cr shares changed hands by then.

Amid the downturn in the broader market, shares of Zomato have been under pressure for the last few months. While the stock has given a return of 30.31% in the past one year, it has declined over 6% in the last month.

Further, if the stock maintains its losses until the close, it will mark the fifth consecutive session of decline.

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