Up 40% in a year, this Nifty50 stock zooms amid block deal buzz; catch latest details here
Published on 11/06/2025 01:03 PM
Food delivery company Eternal's shares registered mild gains on Wednesday, trading in huge volumes amid market buzz about a likely block deal. At 1 pm, the stock held on firmly to the green, quoting stronger by Rs 2.5, or 1.0 per cent, for the day at Rs 258.2 apiece on BSE. The stock gained by as much as Rs 4.6, or 1.8 per cent, to Rs 260.3 apiece during the session.
As per provisional data available on NSE, 2.3 crore Eternal shares changed hands, sharply higher than the daily activity normally witnessed in the counter.
Earlier this month, Morgan Stanley has maintained its overweight stance on the stock, keeping the target at Rs 320. The new target suggests a 25 per cent potential upside from the last close.
The foreign brokerage picked Zomato as its top pick within the segment as the company holds a leadership position in the food delivery and quick commerce space.
The brokerage has also pointed out that the company's balance sheet is improving and chances of equity dilution are less.
In addition, the brokerage mentioned that at the current price, the stock offers a good risk-reward with support placed between Rs 200-220 per share.
Eternal Q4FY25 results
Nifty50 new entrant reported 78 per cent fall in consolidated net profit to Rs 39 crore even as revenue from operations soared to Rs 5,833 crore in Q4 FY25 over Q4 FY24.
Total operating expenditure rose by 65.7 per cent on-year to Rs 5761 crore during the period under review. Consolidated adjusted earnings before interest, tax, depreciation, and amortisation (EBITDA) declined 15 per cent on-year to Rs 165 crore in Q4 FY25.
The food and grocery delivery company's profitability declined substantially amid mounting losses from the company's quick commerce business.
The company stated that it will continue chasing market share aggressively in quick commerce, ensuring that near-term profit goals don't come in the way of long-term growth.
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