Highlights

• Eternal shares gained nearly 3% during Friday's trading session.
• The stock touched an intraday high of ₹243.20 amid strong trading activity.
• Despite recent weakness, the stock has delivered over 210% returns over the last three years.

Shares of Eternal Limited (NSE:ETERNAL) were in focus on June 12, 2026, after the stock advanced nearly 3% during morning trade. The company, formerly known as Zomato Limited, witnessed strong investor interest despite underperforming the broader market over shorter time periods. The stock was trading at ₹242.10, up ₹6.90 or 2.93% from its previous close of ₹235.20.

Source: Analysis by Kalkine 

Strong Trading Activity

Eternal opened at ₹239.00 and extended gains throughout the session. The stock touched an intraday high of ₹243.20, while the day's low stood at ₹238.25. The volume-weighted average price (VWAP) was ₹241.14, indicating sustained buying interest during trading hours.

Trading volumes remained robust, with approximately 101.43 lakh shares changing hands, generating traded value of around ₹244.59 crore. The stock's impact cost of 0.03 reflects strong liquidity and active market participation.

Recent Performance Remains Mixed

Eternal has delivered mixed returns across different time horizons. Over the past week, the stock declined 5.61%, underperforming the NIFTY 50, which slipped 0.03%. During the last month, however, the stock gained 0.88%, compared with a marginal decline of 0.09% in the benchmark index.

On a year-to-date basis, Eternal has fallen 14.69%, compared with a decline of 10.66% in the NIFTY 50. Over the past year, the stock declined 3.76%, although it still performed better than the benchmark, which fell 6.14%.

Longer-term returns remain particularly strong. The stock has delivered gains of 210.58% over the last three years, significantly outperforming the NIFTY 50's return of 25.58% during the same period.

Source: NSE

Market Capitalisation and Valuation Metrics

Eternal currently commands a market capitalization of approximately ₹2.34 lakh crore, making it one of India's largest listed consumer internet companies.

Its free-float market capitalization stands at approximately ₹1.74 lakh crore.

The stock carries a face value of ₹1 per share. Exchange data also indicates that the company's price-to-earnings ratio has remained above 50 for the previous four trailing quarters, reflecting premium market expectations regarding future growth.

Deliverable quantity accounted for 51.60% of total traded volume, indicating a healthy balance between trading and investment activity.

Position Relative to 52-Week High

Eternal's 52-week high stands at ₹368.45, recorded on October 16, 2025, while its 52-week low of ₹212.60 was touched on March 16, 2026.

At the current price of ₹242.10, the stock trades approximately 34.3% below its 52-week high but remains about 13.9% above its 52-week low.

The gap highlights the correction experienced by the stock earlier this year despite maintaining substantial long-term gains.

About Eternal

Eternal Limited, formerly known as Zomato Limited, is one of India's leading online food services and quick commerce platforms.

The company operates across food delivery, dining-out services, customer loyalty programs, and other digital consumer offerings. Over the years, it has built a large ecosystem of restaurant partners, delivery personnel, and consumers across multiple markets.

Eternal continues to focus on expanding its digital commerce and consumer technology businesses while strengthening customer engagement across its platforms.

What Investors May Watch

Investors may monitor growth in food delivery volumes, quick commerce performance, and profitability trends across the company's businesses.

Market participants may also track customer acquisition costs, order frequency, and margin improvement initiatives.

Future updates regarding competition, expansion strategies, and earnings growth could remain important drivers of valuation.

Key Risks

• Intense competition in food delivery and quick commerce may pressure margins.
• High valuation multiples could increase share price volatility.
• Changes in consumer spending patterns may affect growth.
• Regulatory developments impacting gig economy businesses could influence operations.

Summary

Eternal (NSE:ETERNAL)shares gained nearly 3% during Friday's session, rising to ₹242.10 and touching an intraday high of ₹243.20. While the stock has underperformed the NIFTY 50 over shorter periods, it has delivered exceptional three-year returns of more than 210%. Investors may continue to monitor profitability trends, growth in food delivery and quick commerce operations, and competitive developments within India's digital consumer ecosystem.

FAQs

Q: Why are Eternal shares rising today?
A: The stock gained 2.93% amid strong buying interest and healthy trading activity.

Q: What was Eternal's intraday high?
A: The stock touched an intraday high of ₹243.20.

Q: How has Eternal performed over the last three years?
A: The stock has delivered returns of 210.58% over three years, significantly outperforming the NIFTY 50.