Eternal (Zomato) Stock Analyzed

Key Points

• Eternal stock dropped 2% today, hitting a five-month low.
• The stock is down 25% from its peak, showing recent weakness.
• CFO of Blinkit, Vipin Kapooria, resigned recently.
• Increased competition in quick commerce is driving down prices.
• Analysts predict slower growth for Blinkit in Q3 2026.
• Despite this, the company’s financials are strong with a large cash reserve.

Eternal, formerly known as Zomato, saw its stock price fall today to ₹277.10 – that’s a 2% drop and the lowest it’s been in over five months. This happened on Tuesday when a lot of people were buying and selling shares.

The price of this company, which owns both Zomato and Blinkit, is the lowest it’s been since July 21, 2025. It’s lost 25% of its value since it reached a high of ₹368.40 back in October 2025. This means the price is down a lot compared to before.

Right now, at 10:22 AM, Eternal’s price was even lower, down 1.4% at ₹279. This was different from the rest of the stock market, which was up a little bit. A combined 6.97 million shares were bought and sold on the stock exchanges, which is a lot of trading!

So, why is Eternal’s stock doing poorly? Well, Zomato helps people find restaurants online and gets food delivered quickly. Blinkit delivers products quickly, too. But recently, there’s been a lot of fighting between companies trying to be the fastest at delivering things.

One of the problems is that Vipin Kapooria, who was in charge of money for Blinkit, left his job. He only started working there a little over a year ago. This worried investors because top people leaving can make a company seem less stable.

Companies like Minutes, Now, and Jiomart are trying to deliver products very quickly, and they’re lowering prices to attract customers. But this isn’t a good idea in the long run because companies lose money. Analysts think this competition will slow down quickly.

Also, Zepto, another quick commerce company, recently got help from a big investment group to do an initial public offering (IPO). This means they’re selling shares to the public for the first time. They’ve already filed the paperwork for this offering.

JM Financial Institutional Securities, an investment group, thinks Blinkit’s sales will grow by 13% in the next three months (Q3FY26), but not as fast as before. They also think that despite the competition, Blinkit will still grow by 120% overall, which is better than what Blinkit expects. In the future, they think sales will grow by 90%!

Eternal has a lot of money saved up – over ₹18,000 crore. This means they can handle competition and still invest in growing their business. They’re still making money, even when Blinkit is facing challenges.

Even though Blinkit might not grow as fast as before, Eternal’s stock is still cheaper than other similar companies. This is a good thing for investors because it means the stock could go up in value over time. Analysts have slightly lowered their target price to ₹400, but they still like the stock.

It’s important to remember that stock prices can go up and down, and it’s important to understand why before making any decisions.