Goldman Sachs sees 50% upside in Zomato, calls Blinkit pessimism overdone

Goldman Sachs remains confident in Zomato, maintaining a 'buy' rating with a target price of Rs 310 despite recent stock declines and concerns about Blinkit. They argue that the quick commerce arm's issues are overblown, and Zomato's food delivery business is undervalued. Last week, Goldman acquired 60.07 lakh Zomato shares worth Rs 281 crore.