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Eternal shares decline for 10th day in record losing streak; Bernstein says 'good buying opportunity'The last time shares of Eternal recorded their longest losing streak between April 27, 2022 to May 10, 2022, declining for nine-straight sessions.By Shloka Badkar  March 2, 2026, 1:10:14 PM IST (Published)2 Min ReadShares of Eternal Ltd. reported their longest losing streak ever on Monday, March 2, as they fell for 10 consecutive trading sessions, declining 15.5%.

However, brokerage firm Bernstein is positive on the stock and sees the recent correction as a good buying opportunity.

Bernstein has an "outperform" rating on Eternal with a price target of ₹370 per share, indicating an upside of 50% from its previous close.

Bernstein said heightened competitive intensity, slowing quality control growth and AI questions on food delivery have led to a 20% price correction in the last few weeks.

The brokerage is of the view that the recent correction offers a good buying opportunity with a favourable risk-reward ratio for a 12-18 month time period as key risks are priced in.

The near term (two to three quarters) growth and profit trajectory may see some volatility, according to Bernstein, subject to how the competitive scenarios unfold.

The last time the stock recorded its longest losing streak was from April 27, 2022 to May 10, 2022, declining for nine-straight sessions.

Of the 33 analysts who have coverage on the stock, 30 have a "buy" rating and three have a "sell" rating.

Eternal shares were down 1.4% at ₹242.75 apiece around 11.20 am on Monday. The stock has decline 11% in the past month and 24.7% in the past six months.

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