The share price of Eternal , formerly known as Zomato, is in focus, down over 2% after reporting a mixed set of numbers for Q2. The food delivery business clocked muted 5% QoQ growth in its net order value (NOV) but monthly transacting users (MTU) rose 5.2% QoQ. However, most brokerages have given a Buy recommendation on a 30 bps improvement in EBITDA margin as a percentage of net order value, expansion driven by ad monetisation, higher platform fees and a strong outlook for Blinkit.

Here is a detailed analysis of the expectations from key brokerages and the upside they expect over the next 12 months.

Motilal Oswal on Eternal: Betting on opportunity in Blinkit

Motilal Oswal has reiterated a ‘Buy’ on Eternal with a target price of Rs 410 per share. This implies an upside of 17% from c

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