Should Retail Investors Buy Zomato Shares As Company Logs Q3 Profit Of Rs 138 Cr? Experts' Take

Mayuresh Joshi, Head of Equity Research at William O'Neil India, shares insights on Zomato's recent surge to a 52-week high following robust Q3 results. Mayuresh Joshi says the firm will continue to hold this share, highlighting the positive aspects of the quarterly performance and Blinkit's progress toward breakeven. He talks about substantial reduction in losses and effective cost management. Mayuresh Joshi remains optimistic about further upside potential once Blinkit achieves profitability. Overall, he maintains a positive stance on the stock.