Branch² Intelligence
Blinkit to remain undisputed market leader despite Amazon, Flipkart's QC entry, says Anand Rathi, sees 43% upside
Key takeaway
Anand Rathi reiterates 'Buy' on Eternal (Blinkit) with Rs 400 target, asserting Blinkit will remain market leader despite Amazon and Flipkart entering quick commerce.
- Step 1Anand Rathi reiterates 'Buy' on Eternal (Blinkit) with Rs 400 target, asserting market leadership despite Amazon and Flipkart entry.
- Step 2Positive sentiment boosts Eternal's stock price in the short term as investors price in the analyst's confidence.
- Step 3However, the entry of Amazon and Flipkart into quick commerce increases competitive pressure, potentially compressing margins and requiring higher investment in delivery infrastructure.
Source: IN:Economic Times
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