Zomato’s stock experienced an impressive surge of over 14% during Friday’s trading session, reaching a new 52-week high, thanks to robust results in the June quarter. The market’s bullish sentiment is further bolstered by analysts’ predictions of continued upside potential. Jefferies sets a target of Rs 130, JM Financial sees it reaching Rs 115, and both Motilal Oswal Securities and Nuvama Institutional Equities value the stock at Rs 110. Investors are now eagerly anticipating the stock’s future performance based on this positive outlook from market experts.

In my previous blog post, I recommended Zomato at Rs 58, and since then, the stock has delivered impressive returns of nearly 70%. Investors who followed the suggestion have witnessed remarkable gains in their investments.