India's Eternal jumps as JM Financial predicts recovery after recent correction

Eternal

17/03/2026 09:08

** Shares of India's Eternal ETEA.NS jump 5.8% to 234.92 rupees

** Extend gains after snapping an 18-session losing streak on Monday, the longest such streak since listing in July 2021

** JM Financial maintains "buy" and says recent correction driven by competition and macro concerns may be overstated

** Brokerage says Eternal's quick commerce platform Blinkit is driving growth with improving margins, while food delivery remains resilient despite competitive intensity

** Stock rated "buy" on avg by 31 analysts, median PT at 380 rupees -- data compiled by LSEG

** YTD, stock down ~20%

 (Reporting by Surbhi Misra in Bengaluru)

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