Zomato: After over 160% gains in last one year, Macquarie ex

Zomato: After over 160% gains in last one year, Macquarie expects sharp downside of 47% for the stock – here's why

Zomato faces a pessimistic outlook from Macquarie with a predicted 47% downside due to heightened competition in the quick commerce sector, despite positive EBITDA in March 2024 quarter.

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