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.
Investors must moderate return expectations, stick to asset allocation: Nilesh Shah
Nilesh Shah of Kotak AMC remains optimistic about consumer discretionary spending, citing tax rebates, reduced EMI burdens, and the upcoming 8th Pay Commission. He favors
June 30, 2025