Zomato’s stock jumped more than 2% after Bernstein reaffirmed its Outperform rating with a target price of ₹310. The brokerage highlighted Zomato’s stronghold in the Quick Commerce (Q-Com) space despite rising competition from Swiggy and Zepto.
While the sector has seen aggressive expansion and increased marketing spends, Bernstein believes the current strategy balances rapid growth with medium-term profitability. Unlike the pre-IPO phase, the focus has shifted to sustainable scaling rather than a land grab.
Even if competition intensifies in the coming quarters, Bernstein expects rational pricing limits due to Swiggy’s lower-margin structure. This positions Zomato favorably to extend its leadership in the Quick Commerce segment.
With strong fundamentals and a strategic approach to profitability, Zomato remains a key player in India’s growing food-tech industry. Investors remain optimistic about its long-term growth potential.
Zomato’s stock opened at ₹224.20, reaching a high of ₹229.10 and a low of ₹223.05. The stock remains below its 52-week high of ₹304.70 but well above its 52-week low of ₹144.30.
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