Zomato shares drop 7% on profit-taking as losses expand to Rs 347 crore in Q3

  • Zomato shares dropped 7% due to profit-taking.
  • Losses widened to Rs 347 crore in Q3.
  • Global brokerage Jefferies believes outlook is positive as break-even target is expected as early as Q4FY23.
  • This is seen as a positive for Zomato Gold.