According to the brokerage note, at the market price of Rs 460, the stock trades at an FY27E and FY28E price-to-earnings (P/E) multiple of 26.2x/22.7x, respectively.
SEBI has increasingly focused on risks, particularly where third-party creators may disseminate content that could be construed as investment recommendations.
Eternal: The target price for Zomato's parent company has the highest upside potential in the entire pack. Axis has set TP of Rs 360 for the stock, signalling a 55% jump from its current levels.
In NBFC space, Bajaj Finance (Target: Rs 1,150) and Shriram Finance (Target: Rs 1,200). For Bajaj Finance, the brokerage believes the recent LGD reset as a move to strengthen balance sheet resilience.