India's Eternal surges on higher foreign ownership headroom, MSCI hopes

Eternal

13/01/2026 06:52

** Shares of Eternal ETEA.NS rise as much as 4.22%, the biggest intra-day rise in nearly six months, to 297.30 rupees apiece; last up 3.2%

** Foreign headroom in food and grocery delivery platforms owner rises to 26.8% from shareholding pattern data released Monday after hours

** Higher foreign headroom is likely to expand potential investor base, may spur hopes of increased MSCI weightage at February review, analysts say

** ETEA currently carries half weight on MSCI indexes due to low foreign headroom below 25% threshold

** Could now reach 100% MSCI weight as foreign headroom climbs, potentially bringing passive inflows, adds analysts

** Avg rating of 31 analysts is "buy"; median PT of 400 rupees implies 35% upside - LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))