Multibagger Zomato jumps 4% on robust Q3 show. Should you buy at current levels?

February 9, 2024

Zomato’s third-quarter earnings beat the estimates on the back of robust growth in food delivery and hyperpure businesses. Net profit jumped nearly 4x (283%) quarter-on-quarter (QoQ) to Rs 138 crore. An ET Now poll saw the figure around Rs 36 crore. The company had posted a loss of Rs 347 crore in the last year period.

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