Those who invested in Zomato hit the jackpot, experts told how much higher this stock will go now?

News India Live, Digital Desk: These days, whenever you open your phone, you’re sure to hear a buzz about some stock or the other. But the name currently making the most noise on Dalal Street (Stock Market) is Zomato. Yes, the app you use to order snacks with your evening tea is now rapidly adding its shares to your portfolio. What happened that a company that appeared to be in the red until yesterday is now seeing a surge in investors? The “10-minute” magic of Blinkit? The biggest driver behind Zomato’s growth is its quick-commerce business, Blinkit. Experts believe that people are now ordering less food and more household groceries and other daily essentials. Having coriander, lemon, or soap delivered to your home within 10 minutes is no longer just a convenience but has become a habit. Blinkit’s revenue growth is now poised to rival Zomato’s main business (food delivery). This is why investors are so excited about it. Not just the speed, but now the earnings are also clearly visible. For a long time, people thought that startups were just money-burners, but Zomato has turned the tables. The company has gradually improved its profit margins. Whether it’s increasing platform fees or reducing costs by shortening delivery routes, the company now understands how to save money and grow.

What are the experts saying? (Brokerage Recommendations)

Several major brokerage houses, such as Goldman Sachs and UBS, have maintained their ‘Buy’ rating on this stock. Many experts are even saying that this stock could rise above its current price. In their words, the concept of “Eternal” that the company has introduced is making it a major player in the future. What’s next? Given the current market environment, it seems that Zomato is not just a food delivery company, but is transforming the way we shop. This confidence is putting it on the path to becoming a multi-bagger. But remember, risks always exist in the stock market. So, if you are considering investing, be sure to do your own research and consult a financial planner, along with what experts say. Don’t risk investing in someone else’s rush.