Eternal rallies on strong Blinkit growth, positive outlook

On the back of the performance of its quick commerce arm, Blinkit, which for the first time, outpaced the food delivery business Zomato in net order value (NOV) in the April-June quarter, shares of parent Eternal, climbed to a record high on Tuesday. Brokerages largely viewed the quarter positively, pointing to Blinkit’s accelerating growth and improving margins