Zomato

Delivery platform stocks Eternal and Swiggy are showing a positive trend after 4 months. Kunal Shah, technical analyst at Mirae Asset Sharekhan helps decode trading strategies in these 2 stocks.

The latest message comes after Goyal earlier invited former Zomato employees to write to him if they wanted to return to the company

Flipkart is exploring entry into online food delivery, with a pilot likely in Bengaluru by mid-2026; the company is studying whether to launch its own app or use ONDC to compete with Zomato and Swiggy

However, in the past six months, Swiggy (down 13 per cent) and Eternal (down 1 per cent) have underperformed the Sensex (up 5 per cent), amid concerns regarding increased competition

The AI-enabled hotline converts Zomato's multi-step delivery partner onboarding into a WhatsApp-based process completed in under 30 minutes, with strong early response

The newly launched platform operates on a zero-commission model and does not charge any fee from restaurants, but only a standard delivery fee based on distance from customers

The market price of Eternal hit an intra-day low of ₹250.40 on Tuesday and has tanked 32% from its 52-week high of ₹368.40 touched on October 16, 2025 amid concerns regarding increased competition.

Eternal reported Q3 FY26 net revenue of Rs 16,300 crore, up 20.7 per cent quarter on quarter and ahead of consensus estimates

Drumil Vithlani of Bonanza expects Eternal to consolidate in the existing trading range, as one of the key momentum oscillators indicates lack of directional trend for the stock.

In Q3, Eternal reported a 72.8 per cent jump in its net profit to ₹102 crore, as against ₹59 crore a year ago

Stocks to watch on Thursday, January 22, 2026: KEI Industries, Bajaj Consumer Care, PNB Housing Finance and Jindal Stainless are among other key stocks to track today

Eternal, the parent of Zomato and Blinkit, reported a sharp jump in December-quarter profit and revenue, driven by strong growth in quick commerce and improving operating leverage across businesses

Zomato and Blinkit parent Eternal has announced a leadership transition, with founder Deepinder Goyal stepping down as group CEO and Blinkit chief Albinder Dhindsa set to take charge from February 1

Alongside the Q3 FY26 results, Deepinder Goyal said he would step down as Eternal's Group CEO to pursue higher-risk experimentation, with Blinkit chief Albinder Dhindsa set to take over

This transition allows Eternal to remain sharply focused, while giving me the space to explore ideas that do not fit Eternal's risk profile, Goyal said

Goyal's decision is subject to shareholders' approval, and he will continue to remain on the board of directors as Vice Chairman

In the previous three trading days, the stock price of Eternal had slipped 8 per cent from ₹294.50 to ₹269.95 on Tuesday.

Q3FY26 company results: Firms including Bank of India, Jindal Stainless, PNB Housing Finance, and Tata Communications are also to release their October-December earnings reports today

Stocks to watch today, Wednesday, January 21, 2026: Cyient DLM, Shoppers Stop, HDFC Bank, Tata Steel, and Vikram Solar are among other key stocks to track today.

Zomato has leased over 270,000 sq ft of office space at Tata Realty's Intellion Park in Gurugram at a monthly rent of Rs 2.33 crore, amid strong office demand across India's top cities