Will Zomato's Stock Price Go Up Dramatically Soon?

Lol! They paid 2048 Crores for a business that has a revenue of ~300 crores and cash flow of ~ 30 crores. If anything it's burning shareholders money, why should the stock go up?

Zomato has acquired the entertainment ticketing business of  Paytm for $244.1 million ( ~Rs 2,048 crore)

Paytm will transfer its ticketing businesses, TicketNew and Insider, along with 280 existing employees, to Zomato. These businesses, acquired by Paytm for ₹268 crore between 2017 and 2018, have recently reported a combined gross order value (GOV) of over ₹2,000 crore for FY24

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Paytm acquired Ticketing business from ticketnew for 268 Crore in 2017 & now selling it for 2048 crores so it's 8x for Paytm.

go up? am still not believing how it went to 200 levels itself.. it has gone to 140 levels during the first week of bloody bath June where all stocks hit good lows and from there it has almost doubled in 2 months' time.. overall from its listing price of 70 levels to 280 levels in 3yrs time which is 4x..

Stocks doesn't  look backwards but look future revenues & potential