Kotak Institutional Equities now says sell-off in Zomato overdone, sees 73% upside - Moneycontrol

The domestic broker said the recent stock price decline triggered by expiry of the lock-in period for shares held by insiders was overdone.

After Jefferies said earlier this week that Zomato deserved much better valuation than what the market was ascribing, Kotak Institutional Equities upgraded the stock to buy from add with the target a… [+2386 chars]

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