Zomato share price seen to rally over 95% as brokerage bullish on 'long-term story'1 min read 17 Feb 2023, 03:21 PM IST
Brokerage JM Financial continues to remain bullish on Zomato's long-term prospects in the hyperlocal delivery space
The relaunch of Zomato’s membership programme and its likely impact on the food delivery vertical’s profitability, going forward, continues to intrigue the Street, highlighted brokerage JM Financial. While the management believes that the short-term negative impact of free deliveries will be offset by improvements in other revenue and fixed & variable cost drivers, the complexity in forecasting margins keeps the debate raging.
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