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Zomato shares rally 4%

Zomato shares rally 4% even as JM Financial trims food delivery biz growth estimates for FY23-27

Despite a brokerage cutting its growth projections for the company’s food delivery division during the FY23-27 financial years, fintech giant Zomato traded positively on Monday. According to JM Financial’s most recent research, channel checks indicate that food delivery Demand is expected to stay modest sequentially in Q4, which would be the third time in a…

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