Zomato’s parent company, Eternal, is on 🔥—stock jumped 21% in 48 hours, hitting ₹311.60 on NSE. Founder Deepinder Goyal added ₹2,000 crore to his net worth! Surprisingly, profits dropped 90% to ₹25 crore, but Blinkit is leading the charge, surpassing Zomato in net order value. Brokerages are now bullish again.
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Jefferies & Motilal Oswal: Upgraded to “Buy”
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Blinkit GOV up 140% YoY
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Eternal market cap: ₹3 lakh crore+
👉 Why this matters: Quick commerce is the new food delivery. Watch this space. That’s how Founder Deepinder Goyal added ₹2,000 crore more to his net worth!
🔗 Source: India Today
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