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.
![Zomato shares hit 52-week high as investors pin hopes on Blinkit expansion plan buzz](https://cdn.zeebiz.com/sites/default/files/2024/02/19/281087-zomato-1.jpg?im=FitAndFill=(1200,900))
Also, Blinkit's operating margin is likely to improve going ahead with adjusted EBITDA turning break-even by Q1FY25, according to Zee Business research.