Zomato's parent company, Eternal Ltd., has seen a tremendous surge in its shares within two days. On Tuesday, the company's stock recorded a gain of up to 15%. This comes after a rise of approximately 5.38% on Monday. Combined, the company's shares have shown a 21% increase in two days, increasing its market cap by over ₹52,000 crore.
Share Reaches New 52-Week High
According to BSE data, Eternal's share opened at ₹292 on Tuesday and surged to a high of ₹311.60. This is the company's new 52-week high. During the day's trading, the share also touched a low of ₹289.95, but by 2:20 PM, it was trading at ₹301.85.
₹54 Jump in the Last Two Days
The company's stock closed at ₹257.35 on Friday. It has risen by ₹54.25 combined on Monday and Tuesday. This surge has occurred at a time when the market is generally under pressure. Despite this, Eternal's share has soared like a rocket.
Record Increase in Valuation
This surge has led to a massive increase in the company's market value. According to the BSE, Eternal's value was ₹2,48,147.70 crore on Friday, which increased to ₹3,00,457.84 crore on Tuesday. This means the company's market cap increased by ₹52,310.14 crore in two days.
Value Increased by Over ₹39,000 Crore on Tuesday Alone
During Tuesday's trading session alone, the company's valuation recorded an increase of ₹38,955.39 crore. These figures indicate that Eternal is now among the select few companies that have seen such significant growth in their stake in a short period.
Why Such a Big Jump?
The biggest reason behind this surge is the company's excellent quarterly results, especially its quick commerce business, Blinkit. Blinkit's net order value has recorded a year-on-year increase of 127%, now reaching ₹9,203 crore.
Blinkit Leaves Zomato Behind
This is the first time Blinkit has outpaced the growth of the company's traditional food delivery business, Zomato. This shift is a major indication for investors that the company's quick commerce business has now become a new engine of growth.
Quick Commerce Faster Than Food Delivery
Blinkit's rapid growth has now made it clear that the future belongs to quick commerce. Compared to traditional food delivery, the order value and daily active users are increasing rapidly here. This is why the company is now investing more in this sector.
36 Percent Jump Since 2024
If we talk about the entire year, Eternal's shares have recorded a gain of more than 36%. In the current calendar year, i.e., 2025, the stock has seen a jump of more than 9% so far.
Excellent Return in 6 Months
In the last six months, Eternal's shares have given a return of more than 39%. In this way, the company has given mid-term investors a chance to earn good profits.
Growth Despite Pressure in the Stock Market
All this growth is being seen at a time when the Indian stock market is under pressure due to global factors. Both Sensex and Nifty have been volatile in recent days, but Eternal's performance has stood out from the rest of the companies.
