Rakesh Jhunjhunwala isn’t tempted by Zomato’s stellar listing, says he isn’t buying, here’s why

 Jhunjhunwala appears not to be tempted by the fantastic performance of Zomato on Indian bourses. 

New Delhi: Rakesh Jhunjhunwala, often known as the big bull of the Indian stock market, has cleared that he’s not interested in buying the shares of Zomato, which made a stellar listing on the bourses on Friday (July 23). On the day of listing, Zomato’s shared surged by nearly 53 per cent against its issue price of Rs 76.  However, Jhunjhunwala appears not to be tempted by the amazing performance of the food delivery company on Indian bourses. According to a report by Economic Times, Jhunjhunwala said that he is not going to buy Zomato shares. However, the ace investor wished good luck to the food delivery company at a webinar organized by Equirus.  Zomato shares closed at Rs 125.85 on Friday, an increase of Rs 10.85 or 9.43 per cent from the listing price. At present, the food delivery giant is valued at around Rs 98,731.59 crore. The stock has already offered bumper returns to investors who were allotted the stocks against their bids.