Eternal is stepping on the accelerator, driven by faster Blinkit store rollout with improving economics, more than 20% food delivery growth, and rising confidence in District, ensuring there is 'never a dull moment' for the Zomato and Blinkit-parent, said Jefferies as it raised target price following the company's Q2 earnings.
Jefferies increased target price to Rs 430 apiece from Rs 415 apiece, with the latest target price implying around 38% upside potential from the stock’s previous closing price of Rs 312.35 apiece on NSE.
