Aswath Damodaran
A 2022 Zomato Update: Price, Value and the Gap!
22:51
I valued Zomato a little over a year ago (on July 21), ahead of its IPO, and estimated a value of ₹41 per share. The market, as it almost does, had other ideas and the stock, which had an offering price of ₹74, soared 51% on the first day of trading and stayed at stratospheric levels for much of 2021, even as earnings reports from the company reported steeper losses. In 2022, the company's stock…