Zomato stock falls 5% as Macquarie anticipates nearly a 50% downside due to tough competition
Zomato stock: saw a decline of over 5 percent on May 31 following a forecast by foreign brokerage Macquarie, predicting a nearly 50 percent drop in the food delivery platform’s share price over the next 12 months due to heightened competition in the quick commerce sector. As of 11:33 am, Zomato shares were trading at…