scorecardresearchHSBC sees 21% upside in Zomato, even as the stock continues to trade below IPO price; Here's why

HSBC sees 21% upside in Zomato, even as the stock continues to trade below IPO price; Here's why

Updated: 15 Jun 2022, 02:39 PM IST
TL;DR.
Zomato has massively erased investor wealth, down 50 percent in 2022 YTD and nearly 60 percent from its all-time high of 169, hit in November 2021. It had fallen as low as 50 per share in May 2022.
Zomato has massively erased investor wealth, down 50 percent in 2022 YTD and nearly 60 percent from its all-time high of  <span class='webrupee'>₹</span>169, hit in November 2021. It had fallen as low as  <span class='webrupee'>₹</span>50 per share in May 2022.

Zomato has massively erased investor wealth, down 50 percent in 2022 YTD and nearly 60 percent from its all-time high of 169, hit in November 2021. It had fallen as low as 50 per share in May 2022.