Should I buy Eternal stock in 2025? India Analysis

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At HelloSafe, our expert has been tracking the performance of Eternal for over three years. Every month, lakhs of users in India trust us to decipher market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by Eternal.

What is Eternal?

The Eternal stock price

The price of Eternal stock is rising this week. The current share price stands at ₹260.85, showing a 24-hour gain of ₹1.10 (+0.42%) but a 1.63% decrease over the last week. Eternal holds a market capitalization of ₹2,51,729 crores, with an impressive average daily volume of 86 million shares. Its P/E ratio is 128.50, while the dividend yield remains at 0%. With a beta of 1.25, investors should be aware of the potential for higher-than-average volatility and short-term swings in value.

Our full analysis of the Eternal stock

After a thorough review of Eternal’s most recent financial statements and an in-depth analysis of its share price evolution over the past three years, we have combined multiple data sources—including financial metrics, proprietary technical indicators, and sector benchmarking—using our advanced algorithms. The results shine new light on both the exceptional momentum and the deep strategic capacity that underpin Eternal’s business trajectory. So, why might Eternal stock once again become a strategic entry point into the Indian digital services and consumer tech space in 2025?

Recent performance and market context

Eternal’s recent stock performance has remained remarkably resilient, even against a dynamic equity market backdrop. The stock is currently trading at ₹260.85, recording a 24-hour gain of +₹1.10 (+0.42%), with a 1.63% pullback over the week—but an impressive 25.14% appreciation over the last twelve months. These figures highlight the company’s inherent ability to capture sector tailwinds, most notably the continued expansion of the Indian digital economy. The company’s consistent annual revenue growth (+67% in FY25) further demonstrates Eternal’s role as a leader in food delivery, quick commerce, and multi-channel digital services. Recent milestones—such as a successful rebranding from Zomato Limited to Eternal Limited and explosive growth of its Blinkit quick commerce business (+134% GOV YoY)—underscore the positive impact of strategic pivots and sector adaptation. The optimistic “Buy” consensus among over 80% of analysts further validates the robust outlook.

Macroeconomic factors have added further support to the bullish environment, including upward revisions to Indian GDP growth, increased urban digital adoption, and India’s fast-evolving consumer spending habits. The favorable regulatory environment, coupled with sector-wide digital transformation initiatives, only strengthens Eternal’s position. The company stands poised to capitalize on these trends, making its value proposition increasingly attractive to investors seeking exposure to high-growth Indian tech.

Technical analysis

Eternal exhibits compelling technical signals that reinforce a near- and medium-term bullish case. The 14-day RSI stands at 59.8, positioning the stock in the neutral-to-positive momentum zone and suggesting there is room for further appreciation without overbought conditions. The MACD indicator (5.6) remains above the central line, while still maintaining a constructive gap with the signal line. Moving averages across all major time frames—20-day (₹256.20), 50-day (₹243.27), 100-day (₹231.51), and 200-day (₹247.93)—find the stock trading comfortably above each respective threshold. This powerful alignment, with seven out of eight key moving averages triggering “Buy” signals, underlines a structurally robust uptrend and further removes doubts about short-term weakness.

Key support zones have held steady in the ₹254.83–₹257.42 range, repeatedly validating as floors during market dips, while the next resistance levels of ₹263.43 to ₹267.73 are squarely within striking distance. Given a technical structure marked by higher lows and sustained trading above technical support, Eternal appears primed to continue outperforming the broader market.

Fundamental analysis

Not only are Eternal’s technicals advantageous, but the fundamentals provide equally convincing support for a positive outlook. Revenue surged to ₹20,243 crores in FY25—an exceptional 67% increase year-over-year. Net profit for the year jumped 50% to ₹527 crores, even as the last reported quarter revealed some short-term margin compression. This blend of top-line momentum and rapidly scaling earnings demonstrates the durability and adaptability of Eternal’s business model.

At a current P/E ratio of 128.50, the stock trades at a premium, but this is justifiable in the context of triple-digit revenue growth, strong forward guidance (consensus price target of ₹274.30), and secular trends powering Eternal’s addressable market. The PEG and P/S ratios, while elevated, reflect the company’s leadership position and the long runway for digital sector growth in India. Eternal’s structural strengths—such as a nearly debt-free balance sheet (debt-to-equity: 0.0129), an asset-light operating model, and an unrivaled partner network of over 131,000 active restaurants—create a sustainable foundation for continued innovation and fleet-footed expansion.

The rebranding initiative, expanding business offerings via Blinkit, and sustained leadership in online food delivery and quick commerce all reinforce Eternal’s credentials as a next-generation compounding growth stock. Taken together, these fundamentals solidify the narrative for the valuation premium and reset expectations for mid- and long-term performance.

Volume and liquidity

Investor confidence in Eternal is further underscored by substantial trading volumes—averaging 86.03 million shares exchanged daily. This liquidity not only allows institutional investors and sophisticated traders to enter and exit positions efficiently but also facilitates dynamic price discovery in tandem with growing market capitalization (₹2,51,729 crores).

The stock’s free-float is well distributed—foreign institutional investors (FIIs) hold 44.36%, domestic institutions 23.47%, and public shareholders 26.08%—which promotes an active secondary market and autonomous valuation cycles, minimizing the risk of illiquidity or excessive insider control. This dynamic market structure supports Eternal’s valuation strength while also magnifying the effect of positive catalysts.

Catalysts and positive outlook

Eternal’s ability to deliver new catalysts continues to distinguish it within India’s tech sector. Among key drivers:

• Rapid growth in Blinkit, with a triple-digit year-on-year increase in gross order value (+134%), validating Eternal’s bet on the surging quick commerce segment.
• Accelerated expansion into tier 2 and tier 3 cities, unlocking new pools of digital-first consumers and strengthening national market share.
• Ongoing investment in scalable technology platforms, supply chain automation, and artificial intelligence to enhance customer experience and operational efficiency.
• Expansion of high-margin business lines, such as B2B discovery services and hyperlocal logistics, all while leveraging the core Eternal ecosystem.
• Increasing digital penetration and favorable demographic trends, with over 1.4 billion digitally connected consumers projected in India by 2028.
• Persistent focus on ESG and sustainability, with initiatives around energy-efficient deliveries, responsible sourcing, and community engagement, elevating Eternal’s reputation among socially conscious investors.

With its ambitious growth engine, Eternal remains at the forefront of the evolving Indian digital commerce landscape. The successful integration of Blinkit and other verticals ensures multi-year runway for incremental revenue, while the strengthening of contribution margins signals a virtuous cycle of scalability and profitability.

Investment strategies

For investors seeking timely exposure, Eternal appears well suited for various entry strategies:

Short-term strategies:

• Trading at support levels near ₹255, where technical bounces have been repeatedly observed.
• Potential momentum plays as the stock approaches and retests resistance around ₹267.73.
• Benefit from robust average trading volumes to facilitate agile entry and exits.

Medium-term outlook:

• Positioning ahead of major catalysts, such as quarterly earnings releases or further geographic expansion news.
• Observing the normalization of profit margins following recent short-term softness, which could reignite a medium-term re-rating.
• Capturing mid-range growth (six to twelve months) driven by continued roll-out of tech-driven offerings and rising digital market penetration.

Long-term perspective:

• Eternal’s debt-light structure, established market dominance, consistent revenue expansion, and accelerating brand value set a strong base for compounding returns.
• Investors with a multi-year horizon can benefit from the company’s transformative strategy—pivoting from simple food delivery to a broad-based e-commerce and local services giant.
• The secular expansion of India’s digital, convenience-driven consumer sector makes Eternal an increasingly indispensable component of diversified growth portfolios.

Is it the right time to buy Eternal?

In summary, Eternal’s combination of resurgent technical momentum, robust business fundamentals, deep liquidity, and outstanding sector positioning all point to a stock with exceptional upside potential. The company’s operational agility, innovation pipeline, and capacity to capture expanding market segments ensure that growth prospects remain firmly intact. While current valuations reflect a premium, the convincing results, forward-looking growth drivers, and resilient market structure justify renewed investor interest.

With India’s digital services sector standing at the threshold of a new era of accelerated growth, Eternal seems to represent an excellent opportunity for investors seeking access to transformative market trends. The alignment of upward-trending technical indicators, sector-defining catalysts, and best-in-class management underline why the stock may be entering a new bullish phase. For investors aiming to participate in the next wave of innovation and value creation in India’s digital ecosystem, Eternal deserves close consideration as a strategic addition to a forward-looking portfolio.

How to buy Eternal stock in India

Buying Eternal stock online is both simple and secure when you use a regulated broker in India. Investors can choose between two main methods: spot buying—which gives you direct ownership of the shares—or trading Contracts for Difference (CFDs), which lets you speculate on price movements with more flexibility and lower capital. Each method has its benefits depending on your goals and risk tolerance. For further clarity and to find the most suitable broker, a detailed comparison is available later on this page.

Cash buying

When you buy Eternal stock for cash, you directly own each share purchased, typically through your brokerage account. Brokerages usually charge a fixed commission per order, often between ₹20 and ₹50 per trade, making it cost-effective for long-term investors.

Example of a gain scenario

For example, if the Eternal share price is ₹260.85, with a $1,000 (approx. ₹83,000) stake, you can buy around 318 shares, including a brokerage fee of around $5 (₹415).

Gain scenario: If the share price rises by 10%, your shares are now worth $1,100.

Result: +$100 gross gain, i.e. +10% on your investment.

Trading via CFD

CFD trading on Eternal allows you to speculate on the price without owning the underlying shares. With CFDs, you gain exposure using leverage—often 5x or higher. Fees typically include the spread (difference between buy and sell price) and overnight financing if you hold positions for more than a day.

Gain scenario

You open a CFD position on Eternal shares, with 5x leverage and a $1,000 (approx. ₹83,000) stake.

This gives you a market exposure of $5,000 (approx. ₹4,15,000).

If the stock rises by 8%, your position gains 8% × 5 = 40%.

Result: +$400 gain, on a bet of $1,000 (excluding fees).

Final advice

Before investing in Eternal shares, always compare fees, trading conditions, and available features from different brokers. Your choice will depend on whether you prefer long-term ownership (cash purchase) or active trading with leverage (CFDs). For a comprehensive overview, consult the broker comparison provided further down the page, and remember to invest with your objectives in mind.

Our 7 tips for buying Eternal stock

The latest news about Eternal

Eternal stock closes the week at ₹260.85, continuing strong performance above key moving averages. After a modest intraday uptick of 0.42%, the stock remains above its 20, 50, 100, and 200-day moving averages, signaling ongoing positive momentum and indicating consistent market confidence within the Indian exchange segment.

Blinkit, the quick commerce division, posts record growth with a year-on-year GOV increase of 134%. This rapid expansion confirms Eternal’s leadership in quick commerce, aligning with massive demand shifts in Indian cities and directly boosting revenue diversification and investor optimism.

Consensus from Indian analysts remains overwhelmingly positive, with 80% issuing “Buy” recommendations. This consensus reflects robust confidence in Eternal’s strategic positioning and future growth prospects, driven by structural advantages unique to the Indian market and technology sector.

Eternal achieves a 67% annual revenue increase to ₹20,243 crores in FY25, driven by local demand. Strong revenue momentum showcases the company’s effectiveness in capturing India’s food delivery and e-commerce market, emphasizing Eternal’s ability to scale efficiently and capitalize on consumption trends.

Debt-to-equity ratio remains exceptionally low at 0.0129, underpinning financial stability for Indian expansion. Near-zero leverage gives Eternal solid footing for future investments and risk resilience, making it an appealing option amid India’s competitive and emerging technology landscape.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.