Today, on 22nd April 2025, Eternal Share Price (Zomato) experienced a spike of almost 4% in its share price since the opening bell. Analysts and market experts say this could be due to Goldman Sachs issuing a ‘Buy’ rating on Eternal’s shares after declaring Blinkit’s new strategy.
Blinkit is shifting to a first-party (1P) inventory model, allowing the quick commerce arm to control pricing, manage inventory better, and earn higher profit margins by purchasing items in bulk at lower costs. Goldman Sachs believes this move will significantly boost Blinkit’s profitability, improving Eternal’s (Zomato) overall earnings.
Eternal Share Price in Today’s Market
Today, Eternal’s shares opened to the market at Rs. 236.00, a slight high from last session’s close of Rs. 234.24. At 10:20 a.m., Eternal Ltd’s (Zomato) share price was Rs. 24.14, nearly 2.52% higher than its previous close. According to the reports and estimates on Money Control, the current market capitalisation shows 231,801 cores; the UC Limit is 257.66, and the LC Limit is 210.81.
Company Financials
Financial statistics for the third quarter show that Eternal’s revenues increased 64% to Rs. 5,405 crore. In comparison, its net earnings decreased 57% to Rs. 59 crore from Rs. 138 crore in the same period last year. Blinkit, an Eternal subsidiary, recorded losses of Rs. 89 crores as opposed to Rs. 103 crores in the prior year’s third quarter.
Recent News About Eternal
- Zomato Limited formally changed its name to Anant 20 March 2025 March 20, 2025, after receiving permission from the shareholders and the authority of business matters. The meal delivery business still uses the “Zomato.”
- The Competition Commission of India (CCI) opened an antitrust probe into Zomato’s quick-commerce division, Blinkit, in March 2025. The All India Consumer Products Distributors Federation (AICPDF) complained that platforms like it used predatory pricing tactics and deep discounts that hurt smaller shops.
- Rinshul Chandra, the COO of Zomato’s food ordering and delivery division, resigned on 5th April 2025.
Eternal Share Price Target
According to the calculations projected on Trendlyne, Eternal Ltd (Previously known as Zomato) has an average target of 271.33. The consensus estimate represents an upside of 12.35% from the last price of 241.51.
Should You Buy, Sell, Or Hold?
Most analysts on Trendlyne strongly recommend buying the shares. On MoneyControl, however, 55% of experts recommend buying, 7% suggest holding and 10% support selling. Before investing in Eternal, consider its long-term performance and consult your analyst to make the perfect move.
