JM Financial backs Eternal as top quick-commerce pick with 70% upside; Blinkit set to outpace Instamart in Q1
JM's Q1 FY27 preview projects Blinkit's net order value up 18% QoQ versus Instamart's 5%, with Blinkit swinging to Rs 125 cr EBITDA profit while Instamart posts a Rs 760 cr loss. Eternal target raised to Rs 440 (from Rs 400); Swiggy kept 'Reduce' with target cut to Rs 250 on slow Instamart turnaround.
JM Financial's Q1 preview projects Blinkit outpacing Instamart in quick commerce growth and profitability. Eternal stays top pick with 70% upside and raised Rs 440 target; Swiggy retains 'Reduce' rating on Instamart's slow turnaround.