Eternal shares jump 15%; Zomato parent top performer on Nifty 50 – here’s why the stock is rallying

Eternal’s shares surged nearly 15% following a strong quarterly revenue report, driven by Blinkit’s impressive growth, which surpassed Zomato’s for the first time. Blinkit’s net order value rose 127% year-on-year, reaching Rs 9,203 crore. Analysts have raised price targets and upgraded ratings, citing Blinkit’s growth and improved margins.