After Jefferies, Credit Suisse expects 100% rally on Zomato! Should you buy this dip?

July 27, 2022

Credit Suisse has maintained its ‘outperform’ rating on the stock, with a target of Rs 90. The brokerage said Zomato is on a clear road to profitability growth. It said that existing core customers would drive the food business. CS said in a duopolistic industry, the core user base will drive margins.

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