Emkay Global projects Zomato can rally over 50% in 1 year
Thu, Sep 29, 2022 4:37 PM

Emkay Global projects Zomato can rally over 50% in 1 year

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Emkay Global Financial offered a ‘buy’ call on Zomato for a target price of Rs 90, an upward rally of over 50% from current levels thanks to its robust market share and limited competition in the online food delivery space. The domestic brokerage explained that Zomato currently enjoys a 50% market share and its expansion into adjacencies will further expand the total addressable market (TAM).

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