ZOMATO

Blinkit is literally printing money in Bangalore and Gurgaon right now. People are ordering everything from iPhone cables to milk in 9 minutes. At ₹10 platform fee on millions of orders per day, that's pure operating profit straight to the bottom line.

Valuation is getting stretched though. At 110x forward earnings, any minor slowdown in quick commerce festive growth or aggressive cash-burn from Zepto will punish the stock. I booked 40% profits today at ₹268. Will re-enter on a healthy correction.

Remember when people mocked Zomato at ₹45 IPO bottom? Winners keep winning in platform businesses. Network effects and delivery density are unbeatable barriers to entry. Holding tight with trailing SL at 245.