Zomato Zooms 260%: Stock Soars on Profit Surge

  • Zomato's stock price has skyrocketed by a whopping 260% in the past year, outperforming all other global food delivery companies.
  • This impressive surge comes after Zomato reported three consecutive quarters of profit, dispelling concerns about its financial viability.
  • The company's revenue has also grown significantly, year-on-year, indicating a healthy and expanding customer base.
  • Analysts are scrambling to revise their price targets for Zomato, impressed by its turnaround and optimistic about its future prospects.
  • Some analysts believe Zomato's growth potential extends beyond core food delivery, with its ventures into grocery delivery and other services holding promise.
  • Zomato's success story is a bright spot for the Indian startup ecosystem, attracting investor interest and boosting confidence in the online food delivery sector.

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