JP Morgan has initiated coverage of Zomato with an underweight rating, pinning a target price of Rs 112 per share, implying a 9% downside from the current price.
from The Financial Express https://ift.tt/3CzHVPX
Wednesday, 22 September 2021
Zomato share price may fall 9%, JP Morgan initiates with underweight rating; premium valuations not justified
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