US EditionZomato Shares Surge Nearly 8% As JP Morgan Raises Target Price To INR 340
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Zomato Shares Surge Nearly 8% As JP Morgan Raises Target Price To INR 340
Shares of foodtech major Zomato surged 7.7% on the BSE today (September 5), reaching an intraday high of INR 261.50 after brokerage firm JP Morgan raised the stock’s target price to INR 340 from INR 208. This marks the second highest target price for Zomato, following CLSA’s earlier revision to INR 353 per share, where it maintained an “overweight” rating on the stock. At 11:57 AM, the stock was trading at INR 254.75 on the BSE, marking a 4.9% r…
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