Analysts believe Zomato’s stock can deliver up to 51% returns from the current levels despite lingering concerns over a second straight quarterly decline in food delivery volume at the Gurugram-based food-tech firm.
Short-term dips seen as healthy realignments, not trend reversals: Deven Choksey
Deven Choksey of DRChoksey FinServ Pvt. Ltd. suggests the market is experiencing sector and stock rotations, with investors shifting from significantly appreciated stocks like Reliance