Zomato's target is Rs 175

Foreign brokerage house Jefferies has advised buying shares of Zomato. Jefferies has advised investors to buy Zomato shares with a target of Rs 175. According to the brokerage house, despite the correction in the stock of Zomato, it is cheaper than the companies facing the global. That is, investors can get double returns by investing in Zomato.

I would not be investing in Zomato until and unless I see the company profitable. It is better to stay away from such companies which are making only losses.

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