Zomato shares fall 5% after Q2 results. What went wrong?

  • Posted on October 23, 2024
  • By Business News Today
  • 1 Views
Zomato shares fall 5% after Q2 results. What went wrong?

Zomato shares dropped 5% after Q2 profits fell short of expectations. Despite a 389% year-on-year profit increase, analysts expected higher figures. Brokerages have mixed opinions on the stock, with some raising target prices and others expressing concerns about profitability in the quick commerce segment. Nomura remains optimistic about growth potential.
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