Kotak Institutional Equities has maintained a ‘buy’ rating on Zomato with a target price of Rs 305, expecting a 22.3% upside. The brokerage forecasts a 19% YoY growth in Zomato’s food delivery GMV and a 114% growth in Blinkit GMV. While Blinkit’s expansion may lead to widening EBITDA losses, its strong unit economics continue to support long-term growth potential.
Smartworks Coworking IPO set to debut today. GMP signals mild listing gains
Smartworks Coworking Spaces is set to debut on the stock market on July 17, with an IPO price fixed at Rs 407 per share. Subscribed