scorecardresearchAfter Jefferies, Kotak turns bullish on Zomato; sees over 70% upside

After Jefferies, Kotak turns bullish on Zomato; sees over 70% upside

Updated: 29 Jul 2022, 01:14 PM IST
TL;DR.
Kotak Institutional Equities upgraded the stock to 'buy' from an earlier 'add' rating. The brokerage also raised its target price for Zomato to 79 from 77 earlier, indicating a potential upside of 73 percent.
Kotak Institutional Equities upgraded the stock to 'buy' from an earlier 'add' rating. The brokerage also raised its target price for Zomato to  <span class='webrupee'>₹</span>79 from  <span class='webrupee'>₹</span>77 earlier, indicating a potential upside of 73 percent.

Kotak Institutional Equities upgraded the stock to 'buy' from an earlier 'add' rating. The brokerage also raised its target price for Zomato to 79 from 77 earlier, indicating a potential upside of 73 percent.