Eternal tops Rs 3 lakh crore market cap, surpasses Wipro, Tata Motors & other Nifty50 giants
Eternal Ltd shares jumped to a record high of Rs 311.6 on Tuesday, pushing the Zomato and Blinkit parent’s market capitalisation past Rs 3 lakh crore—surpassing several prominent Nifty 50 constituents, including Wipro, Tata Motors, JSW Steel, Nestle India, and Asian Paints.
The stock jumped as much as 15% to hit an all-time high of Rs 311.6 on the BSE, before paring gains to trade 8.8% higher at Rs 295.10 by late morning. The sharp rally came as investors cheered a blowout June-quarter performance by Blinkit, Eternal’s quick-commerce vertical, alongside management commentary that analysts said marked a clear departure from earlier caution.
