Zomato shares may rise 22% backed by food delivery, Blinkit’s GMV growth: Kotak Equities
Driven by the growth of Zomato’s food delivery business and Blinkit’s GMV, domestic brokerage firm Kotak Institutional Equities has retained its ‘buy’ rating on the stock with a target price of Rs 305, as it expects the company to report a decent third quarter. This suggests an upside potential of 22.3% from the stock’s current…