Eternal shares rise up to 10% on addition to Jefferies' India model portfolio

Eternal share price

• Eternal shares rise 10% after Jefferies adds to portfolio
• Jefferies cites India-US trade deal and strong growth for adding Eternal
• Albinder Singh Dhindsa replaces Deepinder Goyal as Eternal CEO

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The shares of Zomato and Blinkit-parent Eternal briefly hit the 10 percent upper circuit on February 3 after Jefferies added the stock to its India model portfolio.

The shares of the company rose to Rs 299.90 apiece in the early trading hours of Tuesday, before paring gains. The stock closed more than 2 percent higher in the green at Rs 278.50 apiece.

Jefferies on Eternal:

Jefferies cited a major boost to investor sentiment following the India-US trade deal as the reason why it added the stock to its model portfolio. The international brokerage said that the deal addresses key overhang for foreign investors, which India’s underweight positioning among emerging-market funds and $34 billion in FPI outflows over the past 16 months.

It said that improved trade visibility could support the rupee and act as a positive trigger for FPI flows. Eternal will replace Godrej Consumer Products on the international brokerage’s model portfolio, due to the former’s strong growth and margin improvement across quick commerce and food delivery, according to Jefferies.

Eternal share price:

Eternal shares have gained more than 9.5 percent in the past five days, and fell over 1 percent in the past one month. The stock dropped around 9 percent in the past six months, and is down nearly 2 percent in 2026 so far.

It currently has a P/E ratio of 1,139.03, and market capitalization of nearly Rs 2.69 lakh crore.

Eternal Q3 Results:

Earlier last month, Eternal reported a consolidated net profit of Rs 102 crore in Q3 FY26, marking a 73 percent YoY rise from Rs 59 crore net profit reported in Q3 FY25. The firm's revenue from operations meanwhile rose to Rs 16,315 crore.

Eternal CEO Deepinder Goyal submitted his resignation, effective from February 1. Albinder Singh Dhindsa, who was the CEO of Blinkit, has taken over as the CEO of the company.

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