Shares of Eternal, formerly Zomato, will be in focus heading into trade on Tuesday after international brokerage firm Goldman Sachs maintained a Buy rating and raised its target price by 11% to Rs 385 from Rs 345.
The new target price implies an upside of 15% from current market levels. The brokerage sees an increasing probability of the company achieving $1 billion in EBITDA by FY29. Blinkit NOV is expected to grow 17% QoQ and 71% YoY in Q2FY27, while its EBITDA margin is seen expanding by 30 bps to 0.9% of NOV, the brokerage said.
