Zomato turned PAT positive in Q1FY24, ahead of schedule and the first one to do so. Also, as the firm continued its growth in profitability in Q3FY24, the stock regained attention. But the question remains: Is it still a good ‘buy’?
Zomato share price hit its 52-week high of ₹113.25 in intraday deals today (October 12, 2023) on the back of a positive growth outlook by two brokerage houses.