Shares traded nearly 1 percent lower. This comes despite investors' growing confidence in the company, driven by Zomato demonstrating visibility in revenue growth and margin expansion. According to a Jefferies report, most investors complimented CFO Akshant Goyal during the company’s US roadshow, for delivering on promises made a year ago. “Scepticism was high back then, while the exact opposite is true now,” Jefferies said in the note.
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