Zomato zooms 70% in less than a month. Is it a momentum trap? - The Economic Times

Back in July-end, all knives were out against the loss-making food-tech company. Valuation Guru Aswath Damodaran went ahead to reduce his fair value target on Zomato from Rs Rs 41 per share to Rs 35.32.

NEW DELHI: As investing legend John Templeton had famously said "the time of maximum pessimism is the best time to buy", the power of hindsight indicates that July 27 could have been the worst day fo… [+2398 chars]

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