Zomato shares hit 52-week high as investors pin hopes on Blinkit expansion plan buzz
Reports also suggested that Zomato plans an integration of various caAnalysts say expansion of the company's e-commerce business will make it more competitive and result in direct competition from big players like Amazon and Flipkart.tegories and brands for the planned expansion of Blinkit.
Also, Blinkit's operating margin is likely to improve going ahead with adjusted EBITDA turning break-even by Q1FY25, according to Zee Business research.