Zomato’s Parent Company – Eternal Ltd Stock Rockets — Could This Be India’s Next Big Winner?
June 5, 2025 — Shares of Eternal Ltd, the parent company of food delivery giant Zomato, witnessed a sharp rally on Thursday, climbing nearly 6% during trading hours. This surge comes on the back of a positive report from global brokerage Morgan Stanley, which reaffirmed Eternal as its top pick in the food delivery sector.
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Recent Performance of Zomato Parent’s Shares: A Closer Look
As of 11:40 am, Eternal’s stock was trading at Rs 259.10 on the Bombay Stock Exchange (BSE), up by 5.54% or Rs 13.60. On the National Stock Exchange (NSE), the shares stood at Rs 259.49, marking a 5.62% increase. The stock opened at Rs 247.30 on BSE and reached an intraday high of Rs 260.15, while on NSE, it opened at Rs 248.00 and touched Rs 260.22 during early trades.
Morgan Stanley’s Positive Outlook
Morgan Stanley’s recent coverage praised Eternal’s leadership in the competitive food delivery and quick commerce market. The brokerage highlighted the company’s efficient cost structure and strong balance sheet, which together help mitigate risks associated with equity dilution. Morgan Stanley maintained a price target of Rs 320, signaling a potential upside of 33% from current levels. The firm also suggested a price floor between Rs 200 and Rs 220, emphasizing a compelling risk-reward profile for long-term investors.
Impressive Share Price History
Eternal Ltd has delivered substantial returns to shareholders over the past few years. In the last three years, the stock surged over 260%, while the two-year gain stands at 264.41%. Even in the last one year, the company’s share price appreciated by 41.36%, demonstrating consistent investor confidence.
More recently, the stock gained 14.53% over the past three months and rose 8.23% in the last month. The previous week alone saw a significant jump of 13.78%. However, despite these strong gains, the stock experienced a decline of 13.27% in the last six months, highlighting some short-term volatility.
As the market continues to respond positively to Morgan Stanley’s bullish sentiment, Eternal Ltd remains a key player to watch in India’s dynamic food delivery and quick commerce sectors.
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