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Stock Of The Day: Zomato Nears 'Bearish' Zone As 15-Minute Delivery Fails To Cheer Investors
The stock fell as much as 19% to Rs 247 per share on Wednesday since its life high on Dec. 9 last year.
08 Jan 2025, 11:46 AM IST 
For Zomato's main rival Swiggy, HSBC has reiterated a hold rating with a target price of Rs 550 per share. (Photographer: Mahima/NDTV Profit)
Food delivery aggregator Zomato Ltd.'s shares plunged over 2% on Wednesday even after launching its 15-minute food delivery offering, two years after winding up a similar 10-minute feature. Shares of the platform recently saw its inclusion in the benchmark BSE Sensex index. The scrip tumbled nearly 15% in the last four sessions as analysts downgraded over profitability concerns. The stock fell as much as 19% to Rs 247 per share on We...
