It was another strong quarter with EBITDA breakeven in food delivery. The research firm has kept a buy call on the stock with a target price of Rs 95. The company is break-even at the segment level for food delivery, while sustained and steady execution over coming quarters will be key for re-rating, CNBC TV18 reported. Morgan Stanley see results as a good quality beat, driven by a healthy increase in MTUs and sees steady to improving AOVs and better monetisation. The broking house has kept an overweight rating on the stock with a target price of Rs 80. The food delivery segment is narrowing losses and acquired firm Blinkit is scaling up at a robust pace, CNBC TV18 reported.

The foreign brokerage firm has maintained a buy rating on the stock with a target at Rs 100 per share as the GMV/revenue was in line and profitability improved. Pharma Industry Conclave Unlocking opportunities in Metal and Mining.Deloitte Best Managed Companies 2022 Sustainability 100+.Interview Series Business In The Week Ahead.

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