Eternal Shares Soar on Blinkit Growth

  Published 8 months ago

Eternal’s stock surged 15% after strong results from Blinkit boosted growth hopes, outpacing its traditional Zomato delivery business.

  • Blinkit’s net order value jumped 127% YoY to ₹92.03 billion, surpassing Zomato’s growth for the first time.
  • Analysts raised price targets to ₹311, citing underestimated competitive threats and improved margins at Blinkit.
  • Rival Swiggy shares also gained 5.3% as quick-commerce market optimism lifted sector-wide investor sentiment.

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