Zomato stock price forecast a high correlation between food
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A high correlation between food delivery volumes and Zomato’s revenue outlook underpins the stock price forecast, with trading analysts anticipating steady gains towards ₹180 as inflationary pressures ease. A total of 10 investors have a majority stake in the company with 51% ownership Jefferies has downgraded Zomato’s stock to ‘hold’ from ‘buy’ and slashed the target price to Rs 275 from Rs 335.
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