Eternal Ltd. share price target

We reinitiate coverage on Zomato with a HOLD rating and target price of Rs65.

Zomato's stock has seen drastic correction owing to macro-economic factors and global volatility. Keeping in view the growth prospects, we feel the stock is available at significant discount and reiterate our BUY rating with a revised target price of Rs. 105 based on 15x FY23E P/Sales....

The mainstay food ordering and delivery business is expected to drive shareholder value creation going forward. The management believes that the food delivery market in India is still nascent, and there is an opportunity to grow the market at least 10x over the next few years. Maintaining a positive outlook, we reiterate our BUY rating on the stock with a target price of Rs. 183 based on 23x FY23E P/Sales. Setting new highs for online food delivery In Q2FY22, as the COVID-19 situation improved significantly in India, overall revenue...

We hereby initiate our coverage on this stock and assign a BUY rating on the stock with a target price of Rs. 170 based on 25x FY23E P/Sales. Market leader in the food aggregator space in India As a first mover into online food delivery, Zomato has been at the forefront of the race and has managed to maintain a leadership position in the domestic market. Backed by analytics driven and user-friendly technology and operating primarily through its app, the company has witnessed robust engagement with its customer base as well as its network of partner restaurants, which has thereby translated to a steady rise in orders...

Zomato Limited IPO Note Issue Open: July 14 July 16 2021 Price Band: Rs. 72 76 *Issue Size: 1,233,552,632 eq shares (Fresh Issue of 9000 cr + Offer for sale of 375 cr) Issue Size: Rs.9375.0 cr Reservation for: QIB atleast 75% eq sh Non Institutional Upto 15% eq sh Retail Upto 10% eq sh

Zomato is a technology based food delivery company which started its journey as a content and discovery platform for restaurants. Zomato's technology platform connects customers, restaurant partners and delivery partners, serving their multiple needs. Customers use its platform to search and discover restaurants, read and write customer generated reviews and order food delivery, book a table and make payments while dining-out at restaurants. On the contrary, Zomato also provide restaurant partners with industry-specific marketing tools...

Zomato, one of the top 5 unicorns of India, is a platform company which has successfully solved for convenience by connecting restaurants with customers. By using technology and a fleet of delivery partners, Zomato has created a capital light compounding machine which creates an eco-system wherein the best of the restaurants will make more money (as Zomato brings more customers driven by quality reviews/ratings) while customers enjoy convenience along-with right-quality product and delivery partners enjoy part-time income. Platform companies have ruled wealth creation globally. We believe, Zomato, as a platform and being category leader, will continue to drive...

Public issue of 130,20,83,333 Equity shares of Face Total Public value Re. 1 each, (Comprising of fresh issue of Employee Reservation 125,00,00,000 Equity Shares* (Rs. 9000 cr.) and Offer...