
22/07/2025
Shares of foodtech major Eternal surged as much as 14.8% on Tuesday to hit a new 52-week high of INR 311.60, buoyed by positive sentiment following a rally in Zomato’s stock. The momentum came despite Eternal’s sharp drop in profits for Q1 FY26.
Zomato’s recent surge was driven by a rise in revenue, even though the company missed profit expectations. Riding that wave, Eternal’s stock climbed early in the day before easing slightly. As of 11:11 AM, shares were up 8.6% at INR 294.55.
At this level, Eternal’s market capitalisation stood at INR 2,85,602.13 Cr, with a robust trading volume of 14.8 Cr shares. The day’s intraday high came close to the stock’s upper price band of INR 311.85.
This rally comes just a day after Eternal, the parent company of Zomato, reported a consolidated net profit of INR 25 Cr for Q1 FY26 - a 90% YoY and 36% QoQ decline, largely due to continued heavy investments in its quick commerce platform, Blinkit.