Zomato shares fall 6% after Q4. Consider buying now due to potential rebound
Shorts By/
Shefali Dhiman
May 14, 2024
Zomato's Q4 FY24 results show a net profit of Rs 175 crore (from a Rs 188 crore loss last year), with 73% revenue growth. B2C businesses grew 51% YoY. Despite a 6% share drop, analysts remain positive, citing Blinkit's performance. Target prices range from Rs 230 to Rs 280 per share, affirming a 'Buy' sentiment.