Zomato's company share is overvalued at a PE ratio 500.
๐ We all know about the profits Zomato makes on every order because we are aware of the pricing by restaurants. From my last 4 years of working with businesses, when customers know your profits, they never pay you for profit.
๐ Once, Rakesh Jhunjhunwala warned the Indian people about the share price of Zomato.
๐ From my personal viewpoint, I will never invest my money in Zomato shares at such a valuation. I am 100% sure it will see a massive correction.
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Vande Mataram,
#zomato #stockmarket