Zomato struts its stock; Restraint should be the retail investor’s keyword
Zomato shares: Is investing a healthy proposition for retail investors? It’s been a while since Zomato listed its shares on the bourses. The shares listed at a hefty premium indeed grabbed eyeballs and investor interest in huge numbers, making a mega debut for the company on the stock exchanges. It is now time to look at whether investing in Zomato stocks is a healthy proposition. If one looks at it from a retail investor’s perspective, reservation tends to rear its head. Lending an ear to a section of the analysts clarifies that it would be advisable for short-term investors to book profit. In contrast, long-term investors need to hold on so that they stand a chance to accumulate on a depression. This also means that the stock wouldn’t be of any help in the short term other than keeping retail investors’ money on the ice. Though the stock had a blockbuster opening when it was listed, it is being foreseen by market experts that the stock is unlikely to bring in significant returns...