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Jefferies has base case price target of Rs 100 (+56%), upside of Rs 160 (+150%) & downside target of Rs 40 (-37%).

Blinkit gross order value increased nearly 20% in July 2022 to Rs 483 crore ($60.4 million) from May 2022.

For Q4FY2022, revenue from operations increased 75% to Rs 1,212cr and loss increased to Rs 347cr.