Zomato, Oil India, IGL: How these stocks are trading after HSBC and Morgan Stanley raise targets
In its report, HSBC wrote that Zomato's advertising revenue will remain the cornerstone of the quickcommerce (Blinkit) business in the long term. In its report, writing about the gas sector, Morgan Stanley said that the gas market oversupply would reach multi-decade highs in the upcoming years.
HSBC is expecting Zomato's digital spend share to increase in India and, within that, platforms to gain share, thereby helping Blinkit. Photo: Reuters