Latest Updates Around The World
Shares of food delivery and express delivery company Eternal rose as much as 9.3% to hit an intraday high of Rs 298.50 on the BSE on Tuesday after global broker Jefferies added the stock to its Indian model portfolio, replacing Godrej Consumer Products.Jefferies described Eternal as an “FPI favorite”, citing strong growth and steady margin […]
Eternal, which operates food delivery platform Zomato and quick-service business Blinkit, on Wednesday reported a 73% year-on-year (year-on-year) increase in consolidated net profit to Rs 102 crore. Operating revenues rose 201% year-on-year to Rs 16,315 crore.The company has informed the stock exchanges that Deepinder Goyal has resigned as Managing Director and Chief Executive Officer with […]
Shares of Eternal, formerly Zomato, rose as much as 6.2% to their day’s high of Rs 287 on the BSE on Wednesday, ahead of third-quarter results scheduled later today. The stock was the biggest gainer on the 50-share Nifty in the afternoon. Eternal is expected to show strong overall growth in the December quarter, largely […]
Global brokerage firm Bernstein expects Eternal’s high-speed trading arm Blinkit to continue to outpace rivals Swiggy, Instamart and Zepto in 2026, even as increasing competition keeps profitability volatile and stock returns likely to be uneven throughout the year.Bernstein says Eternal is favored in the industry, citing Blinkit’s stronger operating metrics, lower cash burn and more […]
Shares of Eternal, the parent company of food delivery platform Zomato and Quick Commerce Arm Blinkit, will be in Focus on Friday, August 22, after the company has announced that the board has approved the recording of a new subsidiary, Blinkit Foods. The company unveiled the development in a stock market application on Thursday. The […]
