Thu Feb 27 04:00:00 UTC 2025: ## Zomato Stock Soars on Bernstein’s Bullish Prediction

**MUMBAI, INDIA** – Zomato’s stock price experienced a significant surge on Tuesday following a bullish prediction from brokerage firm Bernstein. The firm forecasts a 39.2% increase in Zomato’s share price from Monday’s closing value, leading to a more than 3% jump in the company’s shares today.

Bernstein has given Zomato an “outperform” rating and set a target price of ₹310, slightly above the company’s 52-week high of ₹304. This optimistic outlook comes after Zomato’s shares had fallen 27% from their 52-week high to Monday’s close.

The brokerage firm’s confidence stems from its belief that Zomato will maintain its leadership position in the quick commerce segment. Further bolstering investor interest is Zomato’s upcoming inclusion in the Nifty 50 index on March 28th alongside Jio Financial Services.

Zomato’s recent announcement to rebrand Eternal Ltd. also suggests a broadened focus beyond food delivery, encompassing ventures like Blinkit, Distriqt, and Hyperpure. While the company reported a net profit of ₹59 crore in the December quarter, representing a 57% year-on-year decline from ₹138 crore, Bernstein remains positive about the company’s future prospects.

**Disclaimer:** *This is not investment advice. The stock market is subject to risks. Make informed decisions before making any investment. The views expressed here are those of the experts and do not reflect the views of Live Hindustan. Live Hindustan does not recommend buying or selling shares based on the information presented here.*

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