Shares of Eternal touched an intraday high of ₹372 on Wednesday before settling at ₹361, cementing a 71% recovery from its March 2026 low. This operational turnaround has been spearheaded by Blinkit, which generated ₹184 crore in adjusted EBITDA during the second quarter of fiscal year 2027. The quick commerce arm achieved a 79.3% surge in net order value while adding 308 net new stores to reach 2,751 locations. Bullish brokerages like Kotak Neo project the company's EBITDA margins will more than double to 4.6% by fiscal year 2029.
Key points
The stock has rebounded 71% from its March 2026 low, making it the largest gainer among N…: The stock has rebounded 71% from its March 2026 low, making it the largest gainer among Nifty constituents this year.
Management plans to accelerate Blinkit's presence by scaling the footprint to more than 3…: Management plans to accelerate Blinkit's presence by scaling the footprint to more than 3,500 locations by March 2027 and roughly 5,000 by March 2028.
Kotak Neo projects the enterprise will deliver a 63% revenue compound annual growth rate…: Kotak Neo projects the enterprise will deliver a 63% revenue compound annual growth rate alongside expanding profit margins through fiscal year 2029.
Sources checked by our analysis pipeline: 1
Eternal, the parent company of Zomato and Blinkit, has been steadily climbing since late October, scaling multiple record highs. The latest milestone came in Wednesday's trade, when the stock touched ₹372, surpassing its previous peak of ₹365.70.
The latest rally has lifted Eternal's year-to-date gains to 30%, while investors who have held the stock since its IPO in 2021 have enjoyed significantly higher returns. From its IPO price of ₹76 per share, the stock has surged 375% as of Wednesday's close of ₹361, making it one of the biggest multibagger IPOs in recent years.
The company's strong execution in the quick-commerce business and improving profitability, despite intensifying competition in the industry, have encouraged investors to accumulate the stock, even as some analysts have cautioned against its expensive valuations.
Eternal, formerly known as Zomato, made a strong debut on the stock exchanges in 2021, listing at a premium of more than 52% over its IPO price at ₹116 apiece.
Although the rally faced a setback in 2022, with the stock ending the year down 57%, it managed to recover those losses…
Market participants are observing downward momentum in the equity during the current trading session. However, the specific catalysts behind the negative movement have not yet been identified in the available information. Further details are needed to assess the overall impact on the company's valuation.
Investors are watching price movements closely as market activity impacts the company's valuation. Recent market dynamics are actively affecting trading sentiment for the firm today. This downward pressure marks a notable shift in equity performance for stakeholders.
Market participants are tracking upward price momentum in shares of the quantum technology developer. The sudden shift reflects renewed trading attention as investors evaluate emerging developments surrounding the firm. Observers are actively watching to determine the primary market catalysts behind this recent trading behavior.