Zomato (NSE: ZOMATO) — Up 7.82%
Quick Commerce Beats Expectations: Zomato shares surged after subsidiary Blinkit reported a 120% YoY revenue jump in Q3 FY26, driven by rapid expansion to 1,000+ dark stores across 30 cities. Analysts at Motilal Oswal upgraded their target price to ₹320, citing Blinkit’s path to profitability by FY27.
Key Catalysts:
- Blinkit’s average order value rose to ₹612 from ₹540 YoY
- Food delivery segment maintained 25% EBITDA margin
- Goldman Sachs initiated with Buy rating, ₹310 target
What to Watch: Competition from Swiggy Instamart and Dunzo remains a risk, but Zomato’s first-mover advantage in tier-2 cities gives it an edge. Monitor FII flows — foreign institutions added ₹1,200 Cr in Zomato shares this week.
