Eternal Ltd (ETEA.NS), parent of Zomato and Blinkit, shares rose 4.7% intraday to around ₹285 amid technical bullish crossovers and strong Q3 momentum. Post-Q3 profit surge, the stock rebounds with 10-day EMA crossover signaling gains ahead.
Stock Performance
ETEA.NS traded at ₹272.65 (+1.16% close Feb 2), but up 4.7% today; weekly +5.39%. MCap ₹2,63,117 Cr; 52W H/L ₹368.45/₹194.80. VWAP ₹271.66; high volume post-earnings.
Key Highlights
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Technical Buy Signals: 10-day EMA crossover (avg +4.56% in 7 days); Stochastic bullish from oversold.
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Q3 Earnings Beat: Cons PAT +73% YoY to ₹102 Cr; revenue +201% to ₹16,315 Cr; Blinkit EBITDA positive.
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Leadership Boost: Deepinder Goyal to Vice Chairman; Albinder Dhindsa new CEO.
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Analyst Optimism: 28/31 "Buy/Strong Buy"; targets ₹310-₹480; PE 1,139x but growth-focused.
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Financials: Cash ₹17,820 Cr; ROE 1.73%; quick commerce GOV up 121% YoY.
Outlook
Bullish above ₹272; targets ₹277-₹292. Watch MSCI inflows, competition in quick commerce.
Sources: EconomicTimes.com, Moneycontrol.com