Food for portfolio: This stock can deliver up to 30% gain, chart suggests

Shares of Eternal are likely to trade on an upbeat note as long as the stock holds above ₹287 - ₹283 support zone, shows the daily technical chart.

Eternal stock, formerly known as Zomato, zoomed 14.5 per cent to hit a new life-time high of ₹311.25 on the NSE backed by heavy volumes of around 8 crore shares in the first 25 minutes of trade on Tuesday, as the stock reacted to the Q1 earnings.  Eternal, the parent company of the online food-delivery Zomato and quick-commerce Blinkit, has gained as much as 17 per cent thus far in July, and a massive 54 per cent since the start of the financial year 2025-26.  On the earnings front, the company reported a net profit of ₹25 crore for the quarter ended June 2025, as against ₹253 crore in the corresponding period a year ago. Eternal's revenue, however, registered a healthy 70.3 per cent year-on-year (YoY) growth at ₹7,167 crore in Q1FY26, when compared with ₹4,206 crore in Q1FY25.  Post the Q1 earnings, analysts at prominent brokerage houses inlcuding the likes of Nourma and Motilal Oswal to name a few - upgraded Eternal stock, with a revised upside target price. READ BROKERAGE VIEWS  Meanwhile, on the technical chart the stock has witnessed a sharp breakout on the daily and the weekly scale. Here's what to expect next as per the charts. 

Eternal

Current Price: ₹301  Likely Target: ₹391  Upside Potential: 29.9%  Support: ₹287; ₹283  Resistance: ₹321; ₹348; ₹370  Eternal stock has zoomed past the higher-end of the Bollinger Bands on the daily and the weekly chart, thus qualifying as a momentum breakout. The charts suggest that the near-term bias at the counter is likely to remain upbeat as long as the stock holds above ₹283 - ₹287 support zone. 

 

  Further, a weekly close above ₹273 shall confirm a fresh breakout on the weekly chart for the first time since January 24, 2025. As such, the overall bias at the counter shall remain favourable for a longer period of time.  On the upside, the yearly Fibonacci chart suggests that Eternal stock can potentially zoom up to ₹391 levels - this implies an upside potential of almost 30 per cent from present levels. Intermediate resistance for the stock in the year ahead can be anticipated around ₹321, ₹348 and ₹370 levels.