What led Zomato to slip 5% despite 5x rise in Q2 PAT? CLSA ups target price

Zomato shares lost 5.3 per cent in Wednesday, October 23’s trade and registered an intraday low of Rs 242.45 per share on the BSE. The selling pressure in the stock came after the company reported robust growth in its second quarter (Q2FY25) results, although on certain parameters, it missed estimates.