Food delivery stock to buy: Eternal shares - 36% returns in 6 months by Zomato parent | 22% more upside ahead?
Eternal is in focus.
· LiveMint Markets
Eternal shares have gained nearly 36% in six months, with analysts citing quick-commerce growth, stronger customer retention and improved efficiency. Joindre Capital rates the stock Buy.
The analysis
Eternal reported movement of 36% and 22%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +1.4% on the day at ₹323.45, and has returned +10.6% over three months. It sits 9% below its 52-week high. The hotels & restaurants sector has moved -0.1% over the same period, so Eternal is running 10.7 points ahead of its peers.
For Eternal, the question is how much of this is already reflected in the price and how much re-rates the hotels & restaurants peer set alongside it.
Market context
- The company directly in focus is ETERNAL.
- Sector exposure: Hotels & Restaurants, Capital Goods & Engineering, Capital Markets.
In this story
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