Posted on April 9, 2025, by Niftynews
Eternal Zomato Share Price Sees a 2% Surge
Eternal Zomato (formerly known as Zomato) witnessed a 2% surge in its share price, generating significant interest in the market. The stock opened at Rs. 213.19, which was a notable increase from the previous day’s closing price of Rs. 209.75. Throughout the day, the share price saw a high of Rs. 219.19 and a low of Rs. 210.81, before finally closing at Rs. 213.19, which was slightly 0.8% lower than the previous day’s closing.
This increase in Eternal Zomato’s share price is attributed to a combination of broader market fluctuations and a growing sense of investor optimism about the company’s potential, despite the challenges it faces.
Financial Overview of Eternal Zomato
While the Eternal Zomato share price shows positive movement, the company’s financial performance reveals a more complex picture. For the third quarter of FY 2024-25, Eternal Zomato reported a 57% decrease in net profits, which amounted to Rs. 59 crores. This significant drop in profits may raise concerns for some investors. However, there is a silver lining—Eternal Zomato’s operating revenue experienced a robust 64% increase, reaching Rs. 5,405 crores, up from Rs. 3,288 crores in the previous year.
The growth in revenue was driven by two main segments:
- Food Delivery Segment: This segment saw a 21.5% growth in revenue, reaching Rs. 2,072 crores.
- E-Commerce Delivery (Blinkit): The Blinkit segment saw a staggering 117% increase in revenue, bringing in Rs. 1,399 crores.
These positive developments suggest that Eternal Zomato is making significant strides in diversifying its business operations, especially through its e-commerce platform, Blinkit.
Recent Market Developments
In March 2025, Eternal Zomato was included in the Nifty 50 index, a prestigious achievement that reflects its growing stature in the Indian stock market. It replaced Bharat Petroleum (BPCL) and Britannia Industries in the index, signaling strong investor confidence and market recognition.
Additionally, Eternal Zomato is currently under review by the Competition Commission of India (CCI) due to an antitrust complaint. While this is still in the evaluation phase, any regulatory action could impact the company’s operations or reputation.
Eternal Zomato Share Price Target
Market analysts have provided a positive outlook on Eternal Zomato’s share price, with an average target of Rs. 271.33. This target represents an upside potential of 27.77% from the last recorded price of Rs. 212.35, indicating that many experts see the company’s stock as a good investment in the medium to long term.
The stock’s growth potential, fueled by strong revenue gains in its food delivery and e-commerce segments, suggests that the company may continue to perform well despite the challenges faced in profitability.
Should You Buy, Sell, or Hold Eternal Zomato Shares?
If you’re contemplating whether to buy, sell, or hold Eternal Zomato shares, it’s important to consider both short-term and long-term factors:
- Buy: According to recent reports, 55% of analysts recommend buying Eternal Zomato shares, driven by the company’s strong revenue growth, particularly in its e-commerce and food delivery segments. The expected upside in the stock price makes it an attractive option for long-term investors.
- Hold: 27% of analysts recommend holding the stock, suggesting that while the company has potential, investors should carefully monitor market conditions and regulatory outcomes.
- Sell: 7% of analysts suggest selling, especially for those who are cautious about the company’s recent profit declines and potential short-term volatility.
Conclusion
The Eternal Zomato share price surge, combined with strong growth in the food delivery and e-commerce segments, indicates promising long-term potential. However, investors should remain mindful of short-term profit declines and external factors such as regulatory reviews. Eternal Zomato stock appears to have substantial upside, but it’s essential to assess your risk tolerance and investment goals.
For those considering an investment, consulting a financial advisor could help align the decision with your individual financial strategy and objectives. If you’re looking for a stock with strong growth prospects over the next few years, Eternal Zomato could be worth a closer look.
