Eternal share price rise: Zomato & Blinkit parent company crosses Rs 3 lakh crore market cap; overtakes Tata Motors, Wipro - what's the outlook?
Eternal Ltd's stock soared to Rs 311.6, exceeding a market value of Rs 3 lakh crore, driven by Blinkit's exceptional Q1 results and confident management outlook. Analysts have revised targets upwards, with Jefferies setting a high of Rs 400. While most are optimistic about Blinkit's growth and profitability, Macquarie remains cautious, citing valuation concerns and competition.
Eternal Ltd's stock soared to Rs 311.6, exceeding a market value of Rs 3 lakh crore, driven by Blinkit's exceptional Q1 results and confident management outlook. Analysts have revised targets upwards, with Jefferies setting a high of Rs 400. While most are optimistic about Blinkit's growth and profitability, Macquarie remains cautious, citing valuation concerns and competition.
