Summary
The share price of Zomato’s parent company Eternal crosses Rs. 3.1 trillion into market capitalization, by overtaking Adani Ports and ONGC. Brokerages are optimistic, with targets as huge as Rs. 420.
On Tuesday, Eternal Ltd., the parent firm of Zomato, struck a market cap of over Rs. 3.16 trillion, surpassing the likes of Oil and Natural Gas Corporation (ONGC), Adani Ports, and so on. Moreover, the stocks closed at Rs. 327.3 apiece, more 1.24% for the day as per Indian Stock market news.
Here are few of the major organizations that have been surpassed by Eternal Ltd. with its present market cap:
- Adani Ports: Rs. 3.03 trillion
- ONGC: Rs. 2.96 trillion
- Bharat Electronics: Rs. 2.94 trillion
- Adani Enterprises: Rs. 2.77 trillion
- Wipro: Rs. 2.66 trillion
- Tata Motors: Rs. 2.63 trillion
- Coal India: Rs. 2.44 trillion
The share price of Eternal Ltd. has increased up to 2.75% during the previous month and higher than 31% over the past three months. The company backed the upside opportunity of enhancing the consumption backdrop, policy support along with the rational competition.
In the same manner, Nomura has also adopted a more optimistic viewpoint on Eternal, increasing its target cost to Rs. 370 on the back of a robust visibility into the growth of food delivery, a revised Eternal’s valuation techniques and a margin-friendly conversion into instant trade.
The brokerage outlined that the food delivery arm of Eternal has currently stepped into a stage of money-making and stable expansion. Moreover, with a “firm duopoly” in place among Swiggy and Eternal, Nomura stated that the industry has become highly restricted, sustaining sustainable productivity by considering the revaluation of growth stocks.
With this jump, Eternal has legitimately stepped into top 25 Nifty50 firms in terms of market cap by securing 24th position. Presently, it is positioned just below NTPC (Rs. 3.25 lakh crore) and Bajaj Finserv (Rs. 3.33 lakh crore), by stating its entry in the influential group of India’s most precious publicly listed firms. This outlines the increasing significance of new-age technology firms within the economy of the nation along with their capability to compete with traditional retail as well as industry giants.
The sharp upsurge into assessment underscores the rising dominance of Eternal into the stock market and strengthens the augmenting confidence of investors into its business approach and long-lasting capability.
The stock of Eternal has served an amazing performance of around numerous timeframes. Over the previous years, the stock has acquired 17.01% with a year-to-date return of 17.54%, determining its constant interest of investors. Moreover, as compared to ONGC and Adani Ports, Eternal Ltd. from its 52-week low of Rs. 189.60 on the BSE, the stock has increased by 72%, determining a major bounce back and basic market buoyancy.
After considering at the medium term, Eternal’s stock has increased by 61.37% over the last six months, whereas the past three months saw a 28.89% upsurge. Even during the facade of current fluctuations in the market, the stock has managed to increase by 2.09% over the last month, determining fidelity and elasticity purchasing interest.
These gains have been highly determined by robust impetus of revenue, especially from its instant trade upright, Blinkit that has become a core path of development for the firm. As Eternal endures to expand and emerge its services, market watchers along with investors will be curious to observe the way it upholds its development trajectory and competes with well-settled leaders within the active Indian marketplace.
The stock performance of Eternal throughout numerous timeframes is demonstrated below:
| Timeframe | Performance |
| 52-week low | 72.00% |
| Previous year | 17.01% |
| Year-to-date | 17.54% |
| Past six months | 61.37% |
| Last three months | 28.89% |
Historical Stock Returns for Eternal
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
| +2.92% | +2.97% | +7.29% | +54.84% | +22.48% | +168.13% |
It is seen that in spite of a steady 90% falls into its net profit, the stock has hit high documentation because of its strong sales growth along with robust guidance especially across its instant trade arm. Eternal has currently become highly valuable as compared to Adani and ONGC stock analysis and Nifty blue chips, which involves Nestle India, JSW Steel, Tata Motors and Wipro.
The share price of Eternal has observed major growth from its debut of stock price on 23rd July 2021, around four years ago. The organization has been listed at Rs.116 per share on the NSE, a 52.63% premium over its IPO issue costs of Rs. 76. After that, Etrenal Ltd. has become a major part of the standard Nifty 50 Index and also has surpassed various bequest organizations based on the market value.
The share price of Eternal has obtained just 2% into a single month as well as 29% within three months. Moreover, over the last six months, the stock has rallied 61%, whereas it has increased 17% on a basis of year-to-year date.
Whereas, the June quarter was combined, Jeffries stated that the management explanation was highly positive, especially on instant trade, a department from the previous station. The brokerage increased its target costs of 14% to Rs. 330 from Rs. 290, retaining a ‘Buy’ rating.
The novel tone of the organization has been praised. Analysts were highly struck by the strategic pivot of Eternal. It can be said that over the next 2-3 quarters, the company is all set to steadily make a conversion into the instant commerce (QCom) business, through its present market model towards its record tenure model. This will prove to be beneficial for the company in driving -100bps margin growth, although needing net working capital of -18 days.
Over the last 12 months, Eternal shares have increased by 33% and are up by 7% so far during 2025.
