Eternal profit plunges 90%, but why are brokerages predicting 18% upside?

Eternal’s share price, previously known as Zomato, increased by 10% despite a significant decline in profits. This is due to multiple brokerages giving ‘Buy’ ratings and raising target price. Nomura predicts a 16% growth in the food delivery segment, while JM Financial also sees potential in the company’s quick-commerce platform, Blinkit.