Zomato shares crack 11% after Q3 PAT falls 57% YoY. Should you buy, sell or hold?

Why Zomato Share is Falling Today: Zomato share price dropped by 11.43% after reporting a 57% decline in Q3 net profit to Rs 59 crore. Revenue rose by 64% to Rs 5,405 crore. Analysts have mixed ratings: UBS and Nomura maintained ‘Buy’ ratings, while Macquarie rated it ‘Underperform’. BofA expects Blinkit’s losses to persist but anticipates strong growth.

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