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zomato: What may put a stop to Zomato stock going up? Chakri Lokapriya answers

“Look at Bank of India, Union Bank, Canara Bank and, of course, the State Bank of India. State Bank of India still trades at only about one point time book value and the others are under book value. So, they can all trade much higher like they did a few years ago.”

zomato 52 week high: Zomato shares hit 52-week high of Rs 105 90; m-cap nears $ 11 billion

The stock s value has surged in the last eight months. Mutual funds have increased their investments in Zomato, making it one of the top buys of domestic fund houses in August, with purchases exceeding 80 million shares.

zomato shares: After nearly 100% return in 6 months, MFs fancy Zomato as top pick in August Should you buy?

Zomato reported a surprise net profit of Rs 2 crore for the June quarter, compared to a loss of Rs 186 crore a year ago, and a loss of Rs 189 crore a quarter ago. This was on the back of a sharp 71% growth in revenue to Rs 2,416 crore.

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