Nomura has reiterated its buy call on Zomato, assigning a target price of ₹320, reflecting a 24.9% upside from the current market price of ₹256.35. Zomato’s quick commerce segment remains on a strong growth trajectory, while the food delivery business continues its steady progress. The company is prioritizing growth in quick commerce, while aiming for neutral EBITDA in the near term, making it a strong player in both segments.
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