Zomato shares rise 3%, near record high on UBS optimism for growth

September 12, 2024

Shares of Zomato rose 3% in early trading, nearing an all-time high after UBS maintained a buy rating with a target price of Rs 320. The company’s growth optimism is fueled by industry volume growth and a recent acquisition deal with Paytm. Other firms like Jefferies and JP Morgan have also turned positive on the stock.

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