Zomato reported good operating numbers and going ahead we need to see whether this kind of improvement in numbers continues.
As a business model, it’s a duopoly market with limited threat to competition as of now. In future, if some deep pocketed group decides to enter the fray, we might have to modify our views.
I had bought Zomato as a techno funda bet, and exited my position as technical target was achieved. Current market correction has offered other lucrative options, which I am evaluating.
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