A tale of delusion, disruption, and a lot of investor tears
Published on EduInvesting.in | May 2025
Once upon a time, these stocks were the poster children of “India’s digital future.”
Now? They’re the financial version of “It’s not you, it’s the macros.”
They’ve fallen 70% (or more) from their peaks — but still walk around like they own the index.
Let’s meet our “Main Characters” of the Market Melodrama.
🎠1. Zomato — From ₹169 to ₹48, and now to ₹140+ (Plot Twist!)
📉 Fall from high: ~70% (at bottom)
🎢 Current status: ~Up 170% from lows
🍕 Tagline: “Still delivering food and quarterly surprises”
Backstory:
Zomato was listed in July 2021 amid fries, funds, and frenzy. The IPO was oversubscribed like a free pizza party.
Then came 2022. Reality was served cold.
- Blinkit losses = investor blinked and dipped
- Profits? Haha bro, we’re a growth company!
- Stock fell like your willpower during Navratri fasts
Plot Twist:
Zomato posted a surprise profit. Costs dropped, volumes rose, and delivery finally made sense.
🧠EduInvestor Take:
Zomato is that guy who
partied too hard at 22, but now has a job, a haircut, and a SIP.
âś… Can it rebound? Yes.
⚠️ Should you trust it fully? Only after 3 more profitable quarters.
💸 2. Paytm — “Soundbox toh bajta hai, par profit kab bajega?”
📉 From ₹1950 to ₹310 (low), now ₹420
📉 Still down ~75% from IPO
💳 Tagline: “Payments king, profits peasant”
Backstory:
Paytm came to the IPO party dressed as a unicorn. It left as a donkey carrying â‚ą18,000 crore of investor regret.
- Biggest Indian IPO
- Biggest wealth destruction
- Biggest lesson in “valuation ≠value”
Despite massive user base, the company bled cash and confidence.
Now?
Profitability is “almost” here. Losses reduced. Soundbox is selling. But RBI bans, regulatory overhang, and management chaos still haunt it.
🧠EduInvestor Verdict:
Paytm is that ex who says they’ve changed. And maybe they have.
