Eternal Ltd Shares Surge 1.46% in Early Trade Following Market Momentum
Eternal Ltd share jumped 1.46% in morning trade on May 2 as investor sentiment around digital-first companies remains strong.
Key Highlights:
Eternal Ltd Shares Surge 1.46% in Early Trade Following Market Momentum
The Eternal Ltd share opened with strong momentum on May 2, gaining 1.46% to reach ₹235.92 in early morning trade on the NSE. The uptick reflects investor confidence in new-age digital platforms, especially in the food delivery and consumer tech segment, where Zomato (now listed as Eternal Ltd) plays a dominant role.
Eternal Ltd Share Price Today: Key Numbers and Trading Range
As of 9:33 AM IST, the Eternal Ltd share continued its upward trajectory after opening higher and maintaining gains through the early session.
Key metrics from today’s trade:
- Opening Price: ₹220.05
- Intraday High: ₹237.80
- Intraday Low: ₹220.05
- Previous Close: ₹232.52
- Current Price: ₹235.92 (+₹3.40 / +1.46%)
This gain comes amid robust investor interest in tech-enabled, asset-light business models amid signs of a market rebound in digital-first equities.
Fundamentals and Valuation Snapshot
Eternal Ltd, formerly known as Zomato, remains a bellwether for India’s growing digital commerce and foodtech industry. With a market capitalization of ₹2.14 lakh crore and an exceptionally high P/E ratio of 319.61, the stock reflects strong growth potential priced in by market participants.
- 52-Week High: ₹304.70
- 52-Week Low: ₹146.30
- Dividend Yield: Not declared
The strong rebound from recent lows and consistent delivery growth trends have added momentum to Eternal Ltd share in the past few sessions.
Why Eternal Ltd Share Is Trending Today
Several factors are driving the rise in Eternal Ltd share:
- Optimism around Q4 earnings and revenue growth in food delivery and dining-out verticals
- Positive commentary from brokerages anticipating narrowing losses
- Expanding presence in quick commerce and logistics through Blinkit
- Broader market rally lifting tech and platform-based stocks
The company is also expected to announce updates related to expansion strategies and monetization initiatives, which investors believe could enhance future profitability.
Eternal Ltd Share Technical View
Technical analysts see potential in the current chart pattern of Eternal Ltd share, suggesting bullish continuation if the price sustains above ₹236.
Key technical levels:
- Immediate Resistance: ₹240
- Support Range: ₹228–₹225
- RSI approaching 60 indicates healthy momentum
- 10-day moving average trending upward
Traders may see ₹245 as the next upside target if broader sentiment remains positive.
Investor Sentiment and Sector Impacts
As a leading player in India’s food delivery and quick-commerce space, Eternal Ltd share is seen as a high-beta growth stock. It remains a top pick among new-age economy investors, tech-focused mutual funds, and retail participants tracking the consumption economy.
Analysts expect continued re-rating of the stock if Q4 results show narrowing EBITDA loss and stronger order frequency data.
What This Means for You
For investors and traders watching digital growth stocks:
- Eternal Ltd share offers a high-growth, high-risk opportunity
- Strong fundamentals in urban markets and a first-mover advantage in online food delivery
- Ideal for long-term investors willing to withstand near-term volatility
Short-term traders should track technical levels and news flow around quarterly performance and market expansions.
What Lies Ahead for Eternal Ltd Share
The outlook for Eternal Ltd share hinges on the following:
- Q4 earnings announcement, which will detail revenue growth, unit economics, and contribution margins
- Performance of Blinkit and other quick-commerce verticals
- Regulatory updates impacting the online food delivery space
- Continued market momentum in tech-led growth stocks
With the company aggressively pursuing innovation and platform scale, the Eternal Ltd share remains a closely-watched player in India’s digital economy landscape.
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