India's Eternal rises on addition to Jefferies' India model portfolio

Eternal

03/02/2026 05:31

** Shares of India's Eternal ETEA.NS jump 4.6% to 285.15 rupees

** Jefferies adds Eternal to its model portfolio, citing a major boost to investor sentiment following the U.S.–India trade deal

** U.S. President Donald Trump announced a trade deal that cuts tariffs on Indian exports to the U.S. to 18% from an effective 50%

** Jefferies says deal addresses key overhang for foreign investors, with India underweight positioning among emerging-market funds and $34 bln in FPI outflows over the past 16 months

** Brokerage says improved trade visibility could support the rupee and act as a positive trigger for FPI flows

** Jefferies replaces Godrej Consumer Products GOCP.NS with Eternal, citing strong growth and margin improvement across quick commerce and food delivery

** ETEA closed flat in 2025, stock down ~2% so far in 2026

(Reporting by Surbhi Misra in Bengaluru)

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