Eternal Share Price Analyzed
Key Points
- Eternal shares rose 5.86% due to strong Q3 results.
- Net profit jumped 72.8% to ₹102 crore, up 56.9% sequentially.
- Revenue doubled year-over-year to ₹16,315 crore.
- Blinkit’s profitability improved significantly, reaching breakeven.
- Deepinder Goyal resigned as CEO, Albinder Dhindsa took over.
- Brokerage targets were adjusted upwards by Nomura and JM Financial.
Eternal, the company behind Zomato, saw its stock price jump significantly. It went up by 5.86% on Tuesday, meaning it reached a high price of ₹300 per share. This happened after the company released its latest financial report for the last three months (Q3 of 2026). Investors reacted positively because the company was doing really well.
The Q3 results were impressive. Eternal made a lot more money than before – specifically, their profits increased by 72.8% compared to the previous year, and by 56.9% compared to the quarter before. They also sold a lot more goods and services, doubling their revenue from the year before. This shows the business is growing.
A key part of this success came from Blinkit, one of Eternal’s businesses. Blinkit became profitable, meaning it started making a profit instead of losing money. This was a big surprise for investors and is a really important step for the company.
However, there was also a change in leadership. Deepinder Goyal, who had been running the company, decided to step down. He wanted to focus on new ideas that might be riskier. Albinder Dhindsa, who runs another company called Blinkit, took his place.
Several financial experts gave their opinions on Eternal’s stock. Nomura raised their target price for the stock, thinking it would go even higher. JM Financial and Emkay Global Financial Services also gave positive ratings, though they slightly lowered their target prices. These analysts are basically saying that Eternal is doing well and is likely to continue doing so.
The key takeaway is that Eternal’s strong Q3 results and the success of Blinkit boosted investor confidence and led to a rise in the stock price.
