Zomato stock looks overvalued, true value ₹41/share: Valuation expert

Valuation expert and Professor of Finance at Stern School of Business, NYU, Aswath Damodaran has claimed that the recently listed Zomato stock looks overvalued considering that its a loss-making entity. As per Damodaran, the true value of Zomato stock is ₹41 apiece. On Friday, Zomato surged 66% over its IPO price to ₹125 per share.