The rise in Zomato 's stock is not stopping. Now the new target of the stock has come. On Monday, the stock rose by more than 3 percent. At the same time, JP Morgan's new report explains why the upward trend in the stock will continue. The new target of the stock has been set at Rs 340.

First let us tell you about the stock-  in March 2023, the share price was Rs 50. At the same time, now the share price has crossed Rs 250.

Why will there be a boom?  According to the report of JP Morgan, despite the action of CCI, there will be no significant impact on the company. That is why the target on the share has been maintained. First let us tell you the whole matter that online food delivery platform Zomato, which is facing investigation by CCI for competition activities, has claimed that it is fully complying with the laws of the country. On the investigation of the Competition Commission of India (CCI), both the companies termed the media reports as 'misleading' in which it has been said that Zomato, Swiggy are giving alleged preference to some restaurant partners. Both the platforms said that CCI has not yet passed its final order on the matter of unfair trade practices. Zomato told the exchange on Monday that the CCI had issued an order on April 4, 2022, directing the office of the Director General of the Commission to investigate possible violations under the Competition Act, 2002. Zomato says that this news is wrong. We will continue to work closely with the Commission to make it clear that all our trade practices are in accordance with the Competition Act and they do not have any adverse effect on competition in India. The JP Morgan report clearly said that it is not going to have any significant impact. That is why the target on the company's stock has been retained. The target for the stock has been set at Rs 340 for December 2025.