During the dark days of July, when a deep bear run toppled the online food delivery company, Zomato’s shares to its all-time low on exchanges, mutual funds managers had a different opinion. Zomato emerged as the most bought stock in July by asset management companies (AMCs). Mutual fund houses such as HDFC AMC, UTI AMC, and Nippon AMC were some of the investors in Zomato during the month under review. Notably, the selling pressure in Zomato has eased starting this month and the shares have skyrocketed nearly 41% so far. Analysts are of mixed opinion on Zomato shares going forward.