Analysts bullish on Zomato despite share dip

Despite Zomato’s shares on Tuesday falling 10.91% to Rs 214.65 on the BSE, brokerages remain optimistic about the company’s long-term prospects.

Analysts attribute the stock’s slide to short-term pressures from the company’s aggressive expansion of dark stores for its quick-commerce arm, Blinkit. However, they maintain that this strategy positions Zomato for sustained growth.