Zomato Stock: Zomato’s growth prospects intact: 5 reasons why it is this week’s stock pick
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Helped by decent growth in gross order value (GOV) and revenue per order, Zomato reported strong revenue growth of 14.8% q-o-q (42.7% y-o-y) in the food delivery segment in the first quarter of 2022-23. The company’s overall revenue (food delivery, B2B supplies, and others) of Rs.1,413.9 crore was 0.77% higher than the consensus estimates of analysts compiled by Bloomberg. The stock price of the company tanked over 27% from 22 to 26 July due to