Eternal slides 30% from peak: Can Blinkit parent deliver quick reversal after a 2025 washout?
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Eternal’s stellar rally, which saw its share price surge 520% in less than three years, hit a wall in October, with the stock now down 32% from its lifetime high of Rs 368.45. While the gains came at a frenetic pace, the correction was equally sharp as investors booked profits, wary that the stock had run ahead of its earnings. Shares of the food delivery and quick commerce company are currently trading around Rs 279, with the stock taking 55 trading sessions to slide that far from its peak. After rising 38% between January and October, 2025 turned into a washout year for Eternal, as the stock ultimately ended flat on a year-on-year basis. Kranthi Bathini, Director, Equity Strategy at WealthMills Securities, said the stock is fully priced in, attributing the ongoing correction to the sharp rally Eternal witnessed in 2023 and 2024 and through much of 2025, before the correction set in. He added that the company’s market capitalisation had ...