Can Blinkit power Zomato’s growth? 4 reasons why Anand Rathi recommends ‘Buy’

Zomato, now renamed as Eternal, has once again grabbed the spotlight, not just for its food delivery business but also for the exceptional performance of its quick commerce arm, Blinkit.

The brokerage firm Anand Rathi has maintained a ‘Buy’ rating on the stock, even while trimming its target price to Rs 300. As per the brokerage report, the company’s long-term growth plans and strategic execution, especially in the face of fierce competition is one of the key things to note.