Zomato share price: Experts see 45% upside in this Multibagger stock. Should you buy?

Zomato share price: With 118% returns year to date and more than 130% in last one year Zomato Stock has given Multibagger returns to investors. However experts see 45% upside in this Multibagger stock . Here is why?

Strong Q2 Results

Zomato has seen strong Q2 performance, Zomato Ltd’s Q2FY25 net profit increased by 389% to ₹176 crore from ₹36 crore the previous year. Revenue increased by 68.5% to ₹4,799 crore. However, a decline in cash balance following the acquisition of Paytm’s ticketing business caused a 30.43% dip in net profit from Q1FY25.