India's Eternal on track for best week in almost a year as brokers upbeat on firm

Eternal

03/07/2026 09:51

** Eternal's ETEA.NS stock up 11.5% so far this week, on track for biggest weekly gain since week ended July 25, 2025
** Nifty 50 .NSEI up about 1% this week so far
**  Brokerages optimistic on e-commerce firm's growth in face of heightened competition from Flipkart, Amazon AMZN.O 
** BofA Securities, in July 1 note, expects number of orders to rise 17% q/q, led by store addition, normal seasonality
** Citi, in July 2 note, expects strong growth across co's food delivery, quick commerce
** Stock trades at forward 12-month PE of 115.3 vs industry median of 19.04
** 29 out of 32 brokerages rate stock "buy" or higher; median PT 355 rupees - LSEG-compiled data
** YTD, stock up 1.64% vs 7.03% .NSEI fall 

(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))