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Zomato shares may rise 22% backed by food delivery, Blinkits GMV growth: Kotak Equities

2025-01-09 07:07:06| The Economic Times

Kotak Institutional Equities has maintained a buy rating on Zomato with a target price of Rs 305, expecting a 22.3% upside. The brokerage forecasts a 19% YoY growth in Zomatos food delivery GMV and a 114% growth in Blinkit GMV. While Blinkit's expansion may lead to widening EBITDA losses, its strong unit economics continue to support long-term growth potential.


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