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Jefferies Has A High Conviction On Zomato; Retain Buy | ET Now

Jefferies Has A High Conviction On Zomato; Retain Buy | ET Now

Jefferies says that Worries of Fed tightening are weighing on the profitless Internet names globally. The entire sector has been going through a period of readjustment as the focus is shifting from growth to cash flow. They further add that following the sharp correction in Zomato share price, the stock now trades at 0.9x 1Y forward EV/GMV and ...

Times NowVinnii MotiwalaJul 26, 2022

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