After destroying wealth to the tune of more than Rs 1 lakh crores, Zomato is now in recovery mode and is up almost 40% from its lows.
But is this a dead cat bounce or the fundamentals of the company are really on the mend? More importantly, what should be the true value of the company?
Check out the video to know the answer.
Rahul Shah co-head of research at Equitymaster is the editor of (Research Analyst), Editor, Microcap Millionaires, Exponential Profits, Double Income, Midcap Value Alert and Momentum Profits. Rahul has over 20 years of experience in financial markets as an analyst and editor. Rahul first joined Equitymaster as a Research Analyst, fresh out of university in 2003 but left shortly after to pursue his dream job with a Swiss investment bank. However, he quickly became disillusioned working for the 'financial establishment'. He learned first-hand the greedy stereotype of an investment banker is true and became uncomfortable working for a company that put profit above everything else. In 2006, Rahul re-joined Equitymas ter to serve honest, hardworking Indians like his father, who want to take control of their financial future - and not leave it in the hands of greedy money managers. Following the investment principles of Benjamin Graham (the bestselling author of The Intelligent Investor) and Warren Buffet (considered the world's greatest living investor), Rahul has recommended some of the biggest winners in Equitymaster's history.
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1 Responses to "I didn't Recommend Zomato Because of this..."
Janardan Mohanty
Aug 12, 2022An unlisted PSU Indian Potash Limited (IPL) is on an acquisition spree recently. This company is aggressively acquiring loss making sugar companies. As per my knowledge it has already acquired 2 such units in Bihar and 1 unit in Odisha. Any specific reason/strategy behind such move?