Zomato share price target: CLSA suggested a target of Rs 168 on Zomato. On Tuesday, the scrip was up 3.25 per cent at Rs 128.55 on BSE. The CLSA target suggests a 31 per cent potential upside over the prevailing price.
The collections stood at Rs 1.67 lakh crore in November and Rs 1.72 lakh crore in October, while in September the authorities mopped up Rs 1.62 lakh crore
The support comes at a time when netizens said the management of the Gurugram-headquartered firm should have foreseen the increased pressure on its servers and worked on it in the run up to the huge occasion instead of making its employees work on that day
'This is not an achievement. This shows your product is not at par and you are making people work on weekend,' an X user said in response to Zomato CEO Deepinder Goyal's post