India's Eternal rebounds on improving sentiment, snaps 4-week losing run

Eternal

20/03/2026 09:59

** Shares of Eternal ETEA.NS jump about 8% this week, snaps four-week losing streak

** Gains driven by a three-day rebound earlier in the week, supported by improving market sentiment and value buying

** Online delivery services firm's stock rose 1.51% to 232.19 rupees on Friday, Nifty 50 .NSEI up 0.34%

    ** Broader Indian markets
    rebound
     following a sharp selloff in the previous session when ETEA lost nearly 6%

** ETEA rose 5.7% on Tuesday, its biggest single-day pct gain since July 22, 2025, after JM Financial said recent correction may be overstated and quick delivery service unit Blinkit continues to drive growth

** YTD, stock down nearly 18% vs .NSEI drop of about 11%

(Reporting by Surbhi Misra in Bengaluru)

((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))