Lottery started for those who invested money in Zomato, experts told how much higher will this stock go now?

News India Live, Digital Desk: Nowadays, whenever you open your phone, you must be hearing discussion about some stock or the other. But the name that is making the rounds on Dalal Street at this time is Zomato. Yes, the app through which you order snacks along with evening tea, now people are adding its shares to their portfolio at the same speed. After all, what happened that the company which till yesterday was looking at loss, today has a crowd of investors chasing its shares? That ’10 minutes’ magic of Blinkit. The biggest hand behind this speed of Zomato is its quick-commerce business i.e. ‘Blinkit’. Experts believe that now people are ordering less food and more household groceries or everyday items. Getting coriander, lemon or soap at home within 10 minutes is no longer just a convenience but has become a habit of people. Blinkit’s earning speed is now going to compete with Zomato’s main business (food delivery). This is the reason why investors are very excited about it. Not just the speed, now the earnings are also clearly visible. For a long time, people used to think that startups just spend money, but Zomato has changed its position. The company has gradually improved its profit margin. Be it increasing ‘platform fees’ or reducing costs by shortening delivery routes, the company has now understood how to save money and grow. What are experts saying? (Brokerage Recommendations)Many big brokerage houses like Goldman Sachs and UBS have maintained their ‘Buy’ rating on this stock. Many experts are even saying that this stock can go above its current price. In their language, the concept of “Eternal” that the company has brought is making it a big player for the future. Now what next? Looking at the current environment in the market, it seems that Zomato is no longer just a food delivery company, but it is changing the way we shop. This confidence is taking him on the path of becoming a multi-bagger. But remember, there is always risk in the stock market. Therefore, if you are also thinking of investing, then along with the advice of experts, do your own research and take advice from a financial planner. It may happen that you spend money without thinking in someone else’s crowd.