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"Aswath Damodaran values Zomato at Rs 35. Here's what he saysValuation Guru Guru Aswath Damodaran has a new fair value for Zomato, that suggests more pain ahead for the new-age stock. Just over a year after Damodaran pegged Zomato's value at Rs 41 on July 21, 2021, he now sees the stock at Rs 35.32. Allowing for the wide ranges of estimates that one can have on the total market for food (restaurant and grocery) delivery in India in 2032 and the uncertainties about Zomato's share of that market and its operating margins, one gets a range of values."
<https://economictimes.indiatimes.com/markets/stocks/live-blog/bse-sensex-today-live-nifty-stock-market-updates-28-july-2022/liveblog/93174129.cms>