News > Good luck to Zomato, I am not buying it: Rakesh Jhunjhunwala

Good luck to Zomato, I am not buying it: Rakesh Jhunjhunwala

24/07/2021 06:16 PM | Click to read full article

Zomato's stellar listing on the bourses has failed to impress ace investor Rakesh Jhunjhunwala. At a webinar, India's Big Bull wished Zomato good luck but said he is not going to buy its shares.

He explained: "What I buy is very important, at what price I buy is the most important. Let Zomato be worth Rs 99,000 crore and Tesla be $600 billion or $6 trillion. I am not going to buy these stocks," Jhunjhunwala said.