Brokerage Firms Predict a Winning Streak: Zomato Shares Target 47% Return in World Cup 2023

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Zomato’s Winning Game: Targeting a 47% Return during World Cup 2023


ICC World Cup 2023: A Feast of Cricket and Cuisine

The ICC World Cup 2023 has kicked off in India, marking one of the most anticipated events in the world of cricket. This grand tournament, hosted by India, started on 5th October and is scheduled to conclude on 19th November 2023. Ten national teams are participating, making it a truly global spectacle.

The tournament retains the round-robin format with all teams playing against each other for a total of 45 league matches. The top four teams will qualify for the semifinals, to be played in Mumbai on 15 November and in Kolkata on 16 November. The final match will be held at the Narendra Modi Stadium in Ahmedabad.

As cricket enthusiasts across the nation tune in from the comfort of their homes to cheer for their favorite teams, another trend is catching up - the trend of online food delivery.

ZOMATO The Comfort of Home-Delivered Meals

In today’s fast-paced world, convenience is key. And what could be more convenient than having your favorite meal delivered to your doorstep while you enjoy the thrilling cricket matches? This is where Zomato, one of India’s leading online food delivery platforms, comes into play.

Zomato has made it possible for cricket fans to order a variety of cuisines from local restaurants and have it delivered within two to three hours. Whether it’s a plate of spicy biryani during the powerplay or a bowl of ice cream for the nail-biting finish, Zomato ensures that you don’t miss a moment of the match.

Zomato Shares: A Profitable Innings?

As more and more people turn to Zomato for their match-time munchies, there’s another aspect of Zomato that’s garnering attention - its shares. ICICI Securities, a prominent brokerage firm, has set a target of Rs 160 per share for Zomato. This could potentially offer investors a whopping 47% return in the short term.

Investing in Zomato shares could be a strategic move for those looking to diversify their portfolio. As the demand for online food delivery increases during the World Cup season, it could drive up the company’s revenue, thereby positively impacting its share price.

Conclusion

The ICC World Cup 2023 is not just a celebration of cricket; it’s also an opportunity for businesses like Zomato to score big. So whether you’re a cricket fan or an investor, there’s something exciting in store for you this World Cup season.

Please note that investing in shares involves risks and it’s important to do thorough research and consider getting advice from financial advisors before making investment decisions.


Disclaimer: The information provided in this blog post is for informational purposes only and should not be considered as financial advice.

Keywords : ICC World Cup 2023, India, Cricket, Online Food Delivery, Zomato, Home-Delivered Meals, Zomato Shares, ICICI Securities, Investment, Short Term Returns

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