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Stock Radar: Up 50% in 3 months! This high beta new age stock likely to continue hitting fresh 52-week highs
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Zomato, part of the e-retail segment, has rallied by over 50% in the last 3 months and the chart setup suggests that the momentum is likely to continue.Short-term traders can look to buy the stock or on marginal dips for a target of Rs 90 in the next 2-3 weeks, suggest experts.The stock rose from Rs 53.85 on April 13 to Rs 82 as on July 13 2023 which translates into an upside of over 52% in 3 months.Zomato has a beta of 1.7 which suggests that
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