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.
US stocks: US market falls as hot inflation, hawkish Fed fuel rate-hike fears
US stocks closed lower after hotter-than-expected inflation data strengthened expectations of a December Federal Reserve rate hike and raised the possibility of more aggressive tightening.