Eternal Share Price Nears One-Month High After Block Deal
Shares of Eternal Ltd., the parent company of Zomato, saw an uptick in early trade on Friday, after 5.3 million shares changed hands in a block deal. The company’s share price rose as high as 3.3% to Rs 292.90 apiece, as compared to largely unchanged movement in the benchmark Nifty 50.
Quarterly Estimates and Brokerage Views
For the December quarter, Morgan Stanley expects quick commerce momentum to slow, with net order value growth moderating to around 16% quarter-on-quarter for Eternal, compared to stronger growth in the previous quarter. While adjusted Ebitda losses as a share of gross order value should improve sequentially, absolute losses remain significant — estimated at Rs 1,400 crore for Eternal.
The brokerage has trimmed its quick commerce estimates but reiterated its preference for Eternal over Swiggy, citing stronger execution and sustained market share gains. This is a significant development for investors who are looking to invest in the food tech industry. To learn more about the sector, read our article on how to invest in food tech stocks.
GST Demand Order and Regulatory Filing
Separately, Eternal disclosed a GST demand order of nearly Rs 3.7 crore, including interest and penalty, for the period April 2019 to March 2020. The order, issued by the Additional Commissioner of State Tax (Appeals), West Bengal, relates to alleged short payment of output GST.
The company received the order on January 6, 2026, confirming a GST demand of Rs 1.92 crore, interest of Rs 1.58 crore, and a penalty of Rs 19.24 lakh, bringing the total to Rs 3.69 crore according to its regulatory filing. This development highlights the importance of tax planning for investors and the need to stay informed about GST updates for businesses.
Share Price Movement and Analyst Views
The scrip rose as much as 3.3% to Rs 292.90 apiece, the highest level since Dec. 16, 2025. It pared gains to trade 2.93% higher at Rs 291.85 apiece, as of 10:05 a.m. This compares to a 0.04% decline in the NSE Nifty 50 Index.
Shares have risen 18.85% in the last 12 months. Total traded volume so far in the day stood at 0.92 times its 30-day average. The relative strength index was at 33.95.
Out of 33 analysts tracking the company, 29 maintain a ‘buy’ rating and four suggest ‘sell,’ according to Bloomberg data. The average 12-month consensus price target implies an upside of 29.8%. To learn more about how to read stock charts and make informed investment decisions, read our article on technical analysis for beginners.
Investment Strategies and Market Outlook
For investors looking to invest in the Indian stock market, it’s essential to stay informed about market trends and outlook. Our article on how to invest in the stock market for beginners provides a comprehensive guide for new investors.
In conclusion, the surge in Eternal’s share price after the block deal is a significant development for investors. To stay ahead of the curve, it’s crucial to stay informed about stock market news and updates. Our website provides the latest news, analysis, and insights on the Indian stock market, helping you make informed investment decisions.