Zomato shares made a strong recovery, bouncing back into positive territory after initially dropping 5% during early trade on Wednesday (October 23rd). The food delivery giant reported a net profit of ₹176 crore for the July-September quarter, marking its fifth consecutive profitable quarter. Revenue also surged by 69% year-on-year, reaching ₹4,799 crore. Additionally, Zomato's board has approved a ₹8,500 crore fund-raising initiative through the Qualified Institutional Placement (QIP) route. Kiran Jani, Head of Technical Research at Jainam Broking, sees promising potential for Zomato stock, noting it is in a rising channel on the charts. He anticipates upside, with key resistance levels at ₹270 and ₹275. If the stock breaks through ₹270, it could reach its all-time high between ₹300-₹320. However, Mitesh Panchal of miteshpanchal.in holds a contrasting view, advising investors to "sell on rise" rather than "buy on dips," and suggesting any bounce should be used as an exit opportunity. Watch this video to get more insights from the experts.