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Jefferies downgrades Zomato to 'hold'; sees a year of consolidation after multibagger returns in 2024

Jefferies downgrades Zomato to 'hold'; sees a year of consolidation after multibagger returns in 2024

Tue, Jan 07, 2025

Jefferies believes aggressive moves by incumbents and entry of new players in the QC space can result in higher discounting which may pose a threat to the company's profits in the medium term.

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