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As per a Bernstein note from January, Zomato held a roughly 54% share in the food delivery from a gross merchandise value perspective as of the first half of calendar year 2023, while Swiggy held the rest.
Goldman Sachs raised Zomato s target price to Rs 240, hinting at a 30% upside. Blinkit s projected 53% CAGR in Gross Order Value by 2027 is expected to drive a 32% revenue CAGR for Zomato, leading its sector. Despite a 50% surge year-to-date, Zomato stock shows stable technical indicators.