Despite Zomato debacle, analysts bat for IPO-hopefuls with reasonable valuations, strong financials

Despite Zomato debacle, analysts bat for IPO-hopefuls with reasonable valuations, strong financials

Photo: Aniruddha Chowdhury/Mint

While investors have been spooked by the steep fall in food delivery startup Zomato’s stock amid rough market conditions, analysts are suggesting that companies with strong financials and reasonable valuations should sail well.

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