Nomura sees 19% downside in Zomato, initiates coverage with 'reduce' rating - Moneycontrol

Nomura set the target price at Rs 50, following which the stock fell more than a percent in the morning to trade at Rs 60.75 on BSE

Nomura Financial Advisory and Securities (India) Limited initiated coverage on Zomato with a "reduce" rating and a target price 19 percent lower than the prevailing price, saying a double-digit contr… [+2454 chars]

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