Zomato shares surge 8% as JPMorgan raises stock price target; key details

Zomato shares climbed 7.65 per cent to hit a high of Rs 261.50 on BSE. CLSA raised its price target on Zomato this week from Rs 350 to Rs 353, saying Zomato is its top pick in India consumer due to its rapid growth and Blinkit’s market share.
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