scorecardresearchAswath Damodaran says he was both right and wrong about Zomato; Cuts target price further

Aswath Damodaran says he was both right and wrong about Zomato; Cuts target price further

Updated: 28 Jul 2022, 01:58 PM IST
TL;DR.
  • Eminent finance professor and Valuation Guru Aswath Damodaran, who had valued Zomato just ahead of its initial public offering at about 41 per share, has now updated the value of the stock to 35 per share.
FILE PHOTO: Damodaran said in hindsight, he was both wrong and right about Zomato. REUTERS/Florence Lo/Illustration/File Photo

FILE PHOTO: Damodaran said in hindsight, he was both wrong and right about Zomato. REUTERS/Florence Lo/Illustration/File Photo