Why Are Zomato Shares Falling Today?

Question

Accepted Answer

Zomato reported its Q1 financial results on 3rd August. The report showed the first profitable quarter for the company beating its own estimates. Zomato share price NSE soared more than 25% on the news of a profit after tax of Rs 2 crore. However, there was a little caveat that most investors ignored.

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Zomato Share Price Enters A Deeper Correction – Here’s My Target