Eternal shares jump 5%: Why brokerages see up to 58% upside potential despite quick commerce growth cooling

Eternal’s share price moved almost 5% up in today’s trade to hit an intra-day high of Rs 265.40 after the company reported its quarterly earnings. Some brokerages have cut the target; however, most have maintained their ‘Buy’ ratings. Moderating growth trends in the quick commerce space is a key monitorable.

Here is a quick look at the investment rationale driving most brokerage views –