- Published at
- by economictimes.indiatimes.com
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4 reasons why Morgan Stanley believes Eternal shares can rally up to Rs 320
Morgan Stanley remains bullish on Eternal (formerly Zomato), naming it a top pick with a target price of Rs 320, citing market leadership and a strong balance sheet. The brokerage projects India's Quick Commerce TAM to reach US$57 billion by 2030, driven by rapid customer growth.