Zomato hits record high, bucking internet stocks’ sluggishness

March 1, 2024

Zomato’s shares hit a record high as its profitability improves, making it India’s most valuable internet stock. Investor sentiment has reversed, and Zomato dominates the food delivery market. Blinkit, its quick commerce business, is expected to drive further growth.

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Swaminathan Aiyar sees 90-day lull as calm before the next trade storm

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