Hot Stocks: Global brokerages on IndusInd Bank, Bajaj Finance and Zomato
Credit Suisse maintained an outperform rating on Zomato with a target price of Rs 90. Zomato can turn EBITDA breakeven as guided, it said. Current estimates could drive a valuation shift to EV/EBITDA. Zomato already has a contribution positive model in the top 120 cities,” Credit Suisse said. The global investment bank sees a substantial scope for increased take rates in smaller cities.
