Zomato's stocks hit a 52-week high and rose by 4% in the last five sessions, with shares trading at Rs 76 on NSE. The company has recovered its losses incurred post IPO and narrowed its losses to Rs 188 crore from Rs 360 crore YoY. Both Goldman Sachs and Emkay have recommended a 'Buy' view on the stock post-results. Swastika Investmart's Senior Technical Analyst, Pravesh Gour said long-term investors can expect a rally towards Rs 100 if the stock sustains above Rs 75-76. Read more at:
