Zomato@Rs 100? Jefferies sees 125% upside in the stock

Shares of food delivery platform Zomato continued to bleed on Tuesday, amid heavy selling after the mandatory lock in for the pre-IPO shareholders ended on Saturday, July 23, 2022, on completion of one year of its listing.

Zomato’s stock has lost about 17 per cent in the last two sessions and it hit fresh record lows for the straight second session as the selling pressure continued in the counter.