Eternal Stock Plunges 9% in 5 Days, Continues 5th Day Decline: What's Driving the Fall?
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Eternal Share Price Plunges 9% in 5 Days: What's Driving the Decline?
M
Moneycontrol•24-02-2026, 13:56
Eternal Share Price Plunges 9% in 5 Days: What's Driving the Decline?
•Zomato's parent company, Eternal, has seen its share price fall for the 5th consecutive day, dropping 9% in the last 5 days and 17% over one month.
•The stock is currently trading around 252 rupees, down 30% from its 52-week high.
•Increased competition in quick commerce from Amazon Now, Amazon Fresh, and Flipkart Minutes is a major factor in the decline.
•Zepto and Instamart are reportedly 3-4% cheaper than Blinkit, adding pressure.
•Jefferies views the quick commerce TAM as attractive despite competition; Deepinder Goyal's resignation was for new initiatives, not stake selling or profit window-dressing.
