22/4/2025, 1:03:02 pm

Eternal shares jump 4% after Goldman Sachs flags margin boost

Zomato shares rose 4% to Rs 243.4 after Goldman Sachs highlighted Blinkit's potential margin upside following a proposed 49.5% cap on foreign shareholding. The move could boost Blinkit's EBITDA by 15-20% by FY30, adding Rs 35 per share for Zomato. Goldman maintained a 'Buy' rating with a Rs 310 target price, citing long-term strategic benefits despite possible short-term index outflows.