Archive · 26 Jan 2026
Eternal Shares Drop 30% from Record High
Eternal, a company that delivers food online, has seen its stock price drop by 30% from its highest point in the last three months.
The stock reached its peak at Rs 368.40 on October 16, 2025, but has been going down since then.
Experts who study stocks think it's a good time to buy Eternal's stock because they believe it will go up in the future.
They have set different target prices for the stock, with some saying it could reach Rs 503 and others saying Rs 480 or Rs 350.
The company has done well in the past, with its stock price increasing by 407% in three years and 98% in two years.
However, right now, the stock is trading lower than it has in the last 5, 10, 20, 30, 50, 100, 150, and 200 days, which means it's not doing well in the short term either.
Eternal shares have dropped 30% from their record high of Rs 368.40 on October 16, 2025.
The stock is trading below key moving averages, indicating a bearish trend in both short and long term.
The RSI is at 34.6, approaching the oversold zone.
Brokerages CLSA, Jefferies, and HSBC have set target prices of Rs 503, Rs 480, and Rs 350 respectively, with positive outlooks.
Eternal's stock has gained 407% in three years and 98% in two years, despite the recent drop.
- Who
- Eternal Ltd (formerly Zomato)
- What
- Stock price drop of 30% from record high
- When
- Over three months, with record high on October 16, 2025
- Where
- BSE (Bombay Stock Exchange)
- Why
- Bearish trend in short and long term, trading below key moving averages
- Record High
- Rs 368.40 on October 16, 2025
- Current Price
- Rs 258.65 on BSE
- Market Cap
- Rs 2.49 lakh crore
- 52-Week Low
- Rs 189.60 on April 7, 2025
- 3-Year Gain
- 407%
- 2-Year Gain
- 98%
- CLSA Target
- Rs 503 (Outperform)
- Jefferies Target
- Rs 480 (Buy)
- HSBC Target
- Rs 350 (Buy)