Eternal shares surge 10% on robust Q1 revenue
CHENNAI: Shares of Eternal Ltd (formerly Zomato) surged sharply on Tuesday, July 22, hitting the upper circuit limit of ₹298.30 in early trade, marking a 10% gain. The rally extended further during the session, with the stock climbing as much as 14.9% to reach a record high of ₹311.60 on the BSE.
The company’s strong revenue performance and its quick commerce subsidiary Blinkit’s rapid growth have reshaped investor perceptions, reinforcing the company’s transition from a food delivery player to a broader quick-commerce leader.
