Rs 10,200 crore food bill! Zomato most bought stock of mutual funds in Q3
- Posted on January 16, 2025
- By Business News Today
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Rs 10,200 crore food bill! Zomato most bought stock of mutual funds in Q3
Mutual funds invested Rs 10,200 crore in Zomato shares in Q3, making it the most bought stock. Mutual fund holdings increased to 16.42%, while foreign investors reduced their stake. Jefferies downgraded Zomato amid rising competition. Despite this, Blinkit expects significant growth, but competitive pressure from players like Amazon may impact profitability.