The parts of eternal ltd. (The former zomato) jumped over 11 percent of Rs 311.25 on Tuesday, even a new income sleeping. The stock rallied after the company reports Q1 FY26 results, with strong growth in income in easy commerce unit blinkit.
The company’s net is dropped 90 percent year-year-on-year to Rs 25 crore, compared to Rs 253 crore in the same quarter last year. However, income is 70 percent year-of-year to Rs 7,167 crore, with RS 2,261 crore made by the shipping business.
Despite a drop of united ebitda to Rs 115 crore, many main brokerags remain forever:
Jefferies upgraded forever to buy and raised the target price of Rs 400, which heals healing to heal withdrawal and complete competition.
Goldman Sachs maintained the purchase, raised the target of Rs 340.
JP Morgan continues to overweight rating, which increases the target of Rs 310.
CLSA, Morgan Stanley, Citi, Nomura, and Bernstein also extend their targets, from Rs 300 to positive views.
Macquarie, however, keeps a call to the underperform, with a target of Rs 150, quoting blincit growth concerns and maintaining easy commercial growth.
The strongest top-line address of the eternal – especially from the blinkit – investors are assured even as Netwos network. The analysts say Blinkit’s growth and the improvement of margins can help scaling the Company scale to future quarters.
