Zomato Shares Drop 5% After Jefferies Downgrades Stock, Cuts Target Price to Rs 275
Shares of Zomato took a hit on Tuesday morning, falling nearly 5% after a downgrade from Jefferies. The brokerage firm lowered its target price for the company by 18%, raising fresh concerns over its profitability due to mounting competition in the quick commerce segment. Zomato Faces Market Struggles Amid Intense Competition Zomato’s stock saw a decline of 4.8% on January 7, 2025, dropping to Rs 252.05 on the Bombay Stock…










