UBS starts Zomato coverage with a buy, target of Rs 165

Shares of Zomato ended down nearly 6 per cent at Rs 132.6 on Tuesday after touching a high of Rs 147.80 during the day. The stock had listed at Rs 115 on Friday, 51 per cent premium to its IPO price of Rs 76 and extended gains to end up over 65 per cent. Despite Tuesday's fall, the stock is up over 74 per cent from the IPO price.

via Economictimes