Zomato stock outlook: Kotak trims target price but retains buy
New Delhi: Trimming GMV (gross merchandise value) growth forecast for ’s food delivery segment, domestic brokerage Kotak Institutional Equities has reduced its price target on the new-age stock to Rs 85 from Rs 100 earlier. “Our conversations with industry participants indicate that food delivery GMV growth may remain subdued in the near term owing to … Read more