I am so strongly bullish on Zomato since it started its upward journey after getting punched due to its high valuation and loss-making company.
since its IPO I have been bullish on this company, because i am a user for them and have also seen the upgrade in their product what they are coming with and the good expansion plan. at the end of the day is a modern company that is based on technology and a huge supply chain.
every consumer who uses or who came across the product of Zomato and invest after a very hyped IPO as a first ever new-edge company got exhausted after remaining only 33% of the value from its IPO price around 49-50rs a share, there is some effect of "funding winter" also in indian start-up market. but then things started to fall in place; company started adding product that will make them profitable and sustainable in long term, deepy (deepinder goyal) also stated and proved by many means that they will be earing profits in couple of years same as the revenue they are making now which is approx 1000Cr INR.
This stock moved rapidly and with very high degree of curve from 50 to 100 and 120.
and now it is heading towards 190-200 in next 6-8 months and i have no doubts if the company continues makes money "IT will be in nifty 50, before anyone can even assume".
Zomato is a mordern era multi-bagger, if you want to feel the infy, HDFC, and TItan story you must have this in your portfolio.
since its IPO I have been bullish on this company, because i am a user for them and have also seen the upgrade in their product what they are coming with and the good expansion plan. at the end of the day is a modern company that is based on technology and a huge supply chain.
every consumer who uses or who came across the product of Zomato and invest after a very hyped IPO as a first ever new-edge company got exhausted after remaining only 33% of the value from its IPO price around 49-50rs a share, there is some effect of "funding winter" also in indian start-up market. but then things started to fall in place; company started adding product that will make them profitable and sustainable in long term, deepy (deepinder goyal) also stated and proved by many means that they will be earing profits in couple of years same as the revenue they are making now which is approx 1000Cr INR.
This stock moved rapidly and with very high degree of curve from 50 to 100 and 120.
and now it is heading towards 190-200 in next 6-8 months and i have no doubts if the company continues makes money "IT will be in nifty 50, before anyone can even assume".
Zomato is a mordern era multi-bagger, if you want to feel the infy, HDFC, and TItan story you must have this in your portfolio.