Hot stocks: Brokerages on Zomato, Max Financial, AU Small Finance Bank and IndiGo

JPMorgan has raised its target price for Zomato to Rs 340 from Rs 208, maintaining an overweight rating. Zomato is transforming retail with Quick Commerce and expanding in metros. The firm expects it to disrupt e-commerce, increasing forecasts for FY25-27 by 15-41%. Zomato is also expanding its "Going Out" business.