Can Zomato shares hit Rs 310? Bernstein sees 35% upside despite quick commerce losses

Zomato's shares could rise by 35% to Rs 310, according to Bernstein, due to its dominance in India's quick commerce space, expansion through Blinkit, and geographical growth with Instamart. Despite near-term losses, Bernstein sees long-term value. Zomato is also set to join the Nifty 50 index on March 28, 2025. Shares have surged 37.61% in the past year.