Eternal shares jump 4% on increased hopes for higher MSCI weightage

Eternal share price

• Eternal shares up 4% as foreign headroom exceeds 25%
• Higher foreign headroom may boost MSCI index weightage in February review
• Stock hit a near one-month high and is now the top gainer on Sensex and Nifty

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The shares of Zomato-parent Eternal jumped more than 4 percent on January 13 after the company’s latest shareholding pattern showed an increase in the foreign headroom for the stock.

This may have triggered hopes for an increase in MSCI weightage for the stock, which sharply rose to a near one month-high of Rs 297.30 apiece in the early trading hours of Tuesday.

Eternal shareholding pattern:

Eternal’s foreign headroom has now increased to above 25 percent, CNBC-TV18 quoted Eternal’s latest shareholding pattern as at the end of the October-December quarter of the ongoing financial year 2026.

The stock currently carries half weight in the MSCI index due to low foreign headroom, CNBC-TV18 quoted an analyst sales note as saying. It added that the latest hike in foreign headroom can make the stock eligible for the full MSCI weightage.

The analyst note quoted by the business channel further said that any such change can possibly be reflected in the February MSCI review and potentially result in passive inflows worth $390 million.

Moneycontrol couldn't independently verify the report.

Eternal share price:

Eternal shares have seen some correction recently, falling around 2 percent in the past one month. However, the stock gained more than 4 percent in the past five days, and over 8 percent in the past one month.

The stock currently has a P/E ratio of 1,464, and a market capitalization of around Rs 2.83 lakh crore. It is now the top gainer on benchmark indices Sensex and Nifty.

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