Eternal Ltd. Shares Soar: CLSA Sets ₹506 Target Post-CEO Resignation, Q3 Results

• Brokerage firm CLSA raised its target price for Eternal Ltd. shares to ₹506, indicating an 80% upside.
• The revision follows Eternal's Q3 results and founder Deepinder Goyal stepping down from daily operations.
• Eternal is the parent company of Zomato and Blinkit; Blinkit's performance exceeded expectations.
• Blinkit's per-order contribution was ₹30, surpassing the estimated ₹28, with user growth also strong.
• CLSA increased Eternal's earnings estimates by 5-15% for FY26-FY28; 30 out of 33 analysts recommend 'Buy'.

Why It Matters: CLSA upgraded Eternal Ltd. shares to ₹506, citing strong Blinkit performance and future earnings growth.