Archive · 23 Jul 2026
Eternal Stock Rises Despite Weak Markets
Eternal Ltd, the company behind Zomato and Blinkit, saw its stock price go up by more than 3% even though the overall market was not doing well.
This happened because the company reported really good earnings for the first quarter of the year.
Both Zomato and Blinkit showed strong growth.
Analysts are optimistic about the company's future, with some setting high target prices for the stock.
The company is also investing a lot in expanding its quick commerce business, Blinkit.
The management believes that new competitors won't have a big impact on their business.
Eternal's stock price surged over 3% despite weak market conditions.
The company reported a consolidated net profit of Rs 92 crore for Q1 FY27, up from Rs 25 crore last year.
Revenue from operations surged to Rs 20,211 crore, driven by strong growth in quick commerce and food delivery businesses.
Blinkit's net order value (NOV) jumped 86% year-on-year, while Zomato's NOV grew by 20% year-on-year.
Analysts maintain a bullish outlook on Eternal's stock, with target prices significantly higher than the current market price.
- Who
- Eternal Ltd, parent company of Zomato and Blinkit
- What
- Stock price surge of over 3% despite weak market conditions
- When
- July 23, 2026
- Where
- India
- Why
- Strong Q1 results with significant growth in core businesses
Bullish Analysts
Market Conditions
Stock Performance
Bullish Analysts
Analysts maintain a bullish outlook on Eternal's stock, with target prices significantly higher than the current market price.
Market Conditions
The broader market indices are under pressure, with the BSE Sensex and NSE Nifty showing declines.
Growth Prospects
Bullish Analysts
Analysts believe Blinkit’s growth will remain robust and margins will improve sequentially.
Market Conditions
Increased investments and higher costs could impact profitability in the short term.
Competition
Bullish Analysts
Eternal's management sees limited impact from new competitors due to unsustainable business models.
Market Conditions
New competitors like Toing and Ownly could potentially disrupt the market with lower prices and commissions.
- Current Stock Price
- Rs 293
- JM Financial Target Price
- Rs 400
- Q1 Net Profit
- Rs 92 crore
- Revenue from Operations
- Rs 20,211 crore
- Zomato NOV Growth
- 20% YoY
- Blinkit NOV Growth
- 86% YoY
- District NOV Growth
- 60% YoY
- Capex Investment
- Rs 3,000 crore over four years