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Zomato shares may fall over 40% to ₹130: Macquarie Capital
short by Mansi Agarwal / on 22 Jan 2025,Wednesday
Brokerage Macquarie Capital maintained its 'underperform' rating for Zomato shares at a target price of ₹130, implying an over 40% drop from the current levels. The market capitalisation of Zomato eroded by ₹35,175.53 crore in the last two days as its shares fell around 14%. This comes after Zomato's profit more than halved to ₹59 crore in Q3.
short by Mansi Agarwal / 04:23 pm on 22 Jan
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