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Zomato Share Price: A long-term investment stock? Expert reveals targets and trading strategies


Published on 2024-12-29 13:01:02 - MSN
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  • Zomato, a food delivery aggregator, has become an important player in the constantly changing world of stock investing, drawing investors' attention with its remarkable results.

The article from MSN discusses investment insights into Zomato, a prominent food delivery platform in India. Analyst Parth Shah from StoxBox has provided a detailed analysis suggesting that Zomato could be a good long-term investment. He highlights that despite a recent dip in share prices, Zomato's long-term growth prospects remain strong due to its expanding market share, strategic acquisitions like Blinkit, and improvements in profitability. Shah sets a target price of ₹240 for Zomato shares, recommending investors to buy at current levels or on dips, with a stop loss at ₹160. He also advises on trading strategies, suggesting that traders could look for buying opportunities around ₹180-185 levels, with potential resistance at ₹210-215. The article emphasizes the importance of understanding market trends, company fundamentals, and employing risk management strategies when investing in stocks like Zomato.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/other/zomato-share-price-a-long-term-investment-stock-expert-reveals-targets-and-trading-strategies/ar-AA1wEGCw ]