Quest PMS adds to Eternal stake post-correction, backs Blinkit's quick commerce lead
Quest Investment Managers' Vyas raised holding in Eternal (Zomato parent) to ~6% after the stock corrected, citing Blinkit's category leadership and near-breakeven unit economics versus Swiggy, Zepto, Amazon and Flipkart. Fund flags 5-6% EBITDA margin path and Rs 18,000-20,000 cr cash cushion.
Quest Investment Managers added to its Eternal (Zomato parent) stake after a stock correction, backing Blinkit's quick commerce lead and near-breakeven unit economics against rivals Swiggy, Zepto, Amazon and Flipkart.
Why this matters
Quest's stake hike adds fund conviction to Eternal's recent momentum, following MSCI weight restoration hopes ($520M inflows) and Goldman's Rs 350 TP targeting $1bn FY29 EBITDA.
Retail-company signals are accelerating, up +779000% QoQ.