Zomato

Motilal Oswal Financial Services has reiterated its 'Buy' rating on Eternal stock for a target price of ₹380, implying an upside of 31 per cent from its current price.

Kunal Kamble, technical research analyst at Bonanza flags a decisive breakout on Marico, Eternal and Nestle India stock charts, suggesting a likely positive trend in the near-term.

Analysts at JM Financial believe that 1QFY27 will reinforce the widening divergence between Blinkit and Instamart, with the former likely to outperform; they lowered target price on Swiggy to ₹250.

Analysts at Bajaj Broking highlight two key breakouts on Eternal stock chart; one above the falling trend line and other above the 50-day EMA, for its bullish stance on the stock.

Shareholding data shows that FIIs reduced equity holdings in 11 stocks from Nifty 500 in every single quarter after March 2024. List includes PNB Housing Finance, Eternal and Cyient among others.

Stocks to Watch today, June 1: From IndiGo to Eternal, here is a list of shares that will remain in focus today

Muthuselvaraj M, Research Analyst at Mirae Asset Sharekhan believes that both Eternal and Maruti have corrected significantly from their respective peaks and are now showings some signs of strength.

Eternal reported modest Q4 growth but strong guidance, with execution on Blinkit expansion and margins seen as crucial for sustaining stock performance

Eternal stock can retrace up to 61.8 per cent of the preceding fall, implying a potential upside target price of ₹310 in the near-term, explains Muthuselvaraj of Mirae Asset Sharekhan.

Eternal is aiming to double its B2C net order value to $20 billion by FY28 and reach $1 billion in adjusted Ebitda by FY29, driven by growth across Blinkit, District and Zomato

The share price of Swiggy is quoting lower for a fifth straight trading day, falling 7.5 per cent during the period

Eternal delivered steady Q4 results, with Blinkit and food delivery businesses driving growth. Brokerages have retained a 'Buy' rating with target prices up to ₹400

Strong growth in Blinkit and Zomato businesses drives sharp rise in profit and revenue, with quick commerce and food delivery segments sustaining momentum

Eternal posted a 346% jump in Q4 profit to ₹174 crore, while revenue nearly tripled to ₹17,292 crore, driven by strong growth in food delivery and quick commerce

Eternal Q4 preview: Brokerages tracked by Business Standard estimate Eternal's net profit at an average of ₹141.75 crore, up 263.46 per cent year-on-year (Y-o-Y)

The clause was never enforced but has been dropped now, a Zomato source said on Thursday, without explaining the rationale for the decision

In the food delivery business, HDFC Securities expects a recovery in Eternal in key operating metrics on a low base.

Food delivery platform Swiggy has hiked the platform fee it charges users to Rs 17.58 per order, its app showed on Tuesday, days after rival Zomato increased the charges. Swiggy had last hiked its platform fee in September last year. The company has now raised it to Rs 17.58 per order inclusive of GST, whereas rival Zomato charges Rs 14.90 on a pre-GST basis. The latest round of increase by Swiggy brings the platform fee charged by both food delivery players effectively at par with each other (to around Rs 17.58 per order). On March 20, Zomato hiked the platform fee it charges users by Rs 2.40 to Rs 14.90 per order on a pre-GST basis. Platform fees are fixed, per-order charges in addition to delivery and restaurant fees. To cover operating costs, technology maintenance, and customer support for services. The latest hike in platform fees is set to make ordering food costlier for millions of users across the country. The increase in platform fees by Zomato and Swiggy comes at a tim

Eternal, which operates Zomato, has raised its platform fee to ₹15. Elara said that the platform fee hike is in line with its guidance of achieving adjusted Ebitda in the range of 5-6 per cent by FY28

Swiggy has raised its platform fee by 17 per cent to ₹17.58 per order; this is its fourth increase in seven months, as the company faces rising costs and widening losses