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The Indian share market had turned into a bloodbath on Monday morning as several companies like Zomato, Paytm and Nykaa, listed on the Indian stock exchange witnessed a drastic drop in their stock prices. While Zomato shares dropped more than 10%, its prices went below Rs 100 for the first time since it got listed, last year.
While the Dalal Street drama sparked off a meme-fest on the internet, team Zomato also joined the bandwagon by sharing an animated reel featuring Allu Arjun’s character Pushpa Raj. They shared an interesting artistic video on their Instagram handle of Pushpa consuming spicy pani-puri followed along with his iconic dialogue from the recently-released Telugu hit, Pushpa: The Rise’. Zomato shared the post with the caption, “Pushpa, I love tears,” reminding Bollywood fanatics of Rajesh Khanna’s famous dialogue.
Talking about the stock market drop, V K Vijayakumar, Chief Investment Strategist of Geojit Financial Services said, “The trend in global stock markets has turned distinctly bearish. The sell-off in tech stocks has been brutal last week. European stocks too turned bearish. An important feature of the tech sell-off is that the bulk of the selling is happening in non-profitable tech stocks. This trend is impacting stocks like Zomato and Paytm in India too.”
Needless to say, Zomato’s entertaining garnered a lot of attention along with the long string of Bollywood-inspired memes that have been making rounds on the internet. Check out a few hilarious memes here:
No one#Zomato to #Paytm pic.twitter.com/wWAc5ukTK9
— Yuvraj Pratap Rao 🇮🇳 (@yuvrajuv444) January 24, 2022
#Paytm trading @ 900. pic.twitter.com/NTBzQ1oywP
— Options King🏁 (@options_king88) January 24, 2022
#Zomato and #Paytm are like Jai and veeru pic.twitter.com/uDwbO9VHaV
— Yuvraj Pratap Rao 🇮🇳 (@yuvrajuv444) January 24, 2022
#Paytm to #Zomato pic.twitter.com/d41AFVnyfI
— Sarwar khan (@Gixxer_wala) January 24, 2022
#Zomato #Paytm #nykaa investors
Right now #nifty #smallcap #unicorns #IPO pic.twitter.com/4CaxNBvIVP— The Wolverine (@KEEP_IT_UPER) January 24, 2022
The drop allowed the food delivering platform company shares to hit an all-time low of Rs 92.25 on BSE. Meanwhile, on the other hand, PayTM, which made its debut in November 2021, has failed to live up to its investor’s expectations, turning out to be the worst performer of all time.
SEE ALSO: Zomato Claims Indians Ordered Over 1 Crore Momos In 2021; Can You Blame Them?
Cover Image: Instagram
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