Aswath Damodaran says he was both right and wrong about Zomato; Cuts target price further
Updated: 28 Jul 2022, 01:58 PM IST
- 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