Latest news with #Eternal


Business Upturn
11 hours ago
- Business
- Business Upturn
Nifty top gainers today, July 24: Eternal, Dr. Reddy's Laboratories, Tata Motors, Tata Consumer Products and more
By Aman Shukla Published on July 24, 2025, 15:38 IST Indian benchmark indices ended lower on July 24, with the Sensex slipping 542.47 points to settle at 82,184.17, and the Nifty closing 157.80 points down at 25,062.10. However, a few heavyweight stocks from the Nifty 50 pack managed to defy the broader market trend and posted notable gains. Below is a detailed look at the top gainers of the Nifty 50 (as per Trendline) for the day. Nifty 50 Top Gainers on July 24 Eternal closed at ₹312.5, up 3.4% Dr. Reddy's Laboratories ended at ₹1,268.9, up 1.7% Tata Motors closed at ₹701.3, up 1.6% Tata Consumer Products ended at ₹1,073.0, up 1.0% Cipla closed at ₹1,486.3, up 0.9% Grasim Industries settled at ₹2,729.2, up 0.7% Jio Financial Services ended at ₹316.5, up 0.7% Eicher Motors closed at ₹5,472.5, up 0.6% Sun Pharmaceutical ended at ₹1,692.0, up 0.6% Tata Steel closed at ₹163.6, up 0.5% Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Dr Reddy's LaboratoriesEternalTata Consumer ProductsTata Motors Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at

Economic Times
17 hours ago
- Business
- Economic Times
Eternal shares zoom 20% this week as Street rejoices Q1 results. What should investors do now?
Shares of Eternal, formerly Zomato, have surged 19.7% so far this week, hitting a high of Rs 307.95 on the BSE on Thursday. The rally follows the company's Q1FY26 earnings report, which, despite a steep decline in profitability, impressed the Street with strong topline performance and robust growth across its core verticals. ADVERTISEMENT The stock touched a fresh record high of Rs 311.60 earlier this week after it reported a 70% YoY surge in revenue from operations to Rs 7,167 crore for Q1FY26. This growth was led by solid performance in the quick commerce and food delivery segments. However, net profit dropped sharply by 90% YoY to Rs 25 crore, down from Rs 253 crore in the same quarter last year, largely due to continued investments in quick commerce and the going-out vertical. Akshant Goyal, CFO of Zomato, attributed the drop in profitability to 'continued investments in quick commerce and the going-out vertical.'The company's consolidated adjusted EBITDA declined 42% YoY to Rs 172 crore. Still, food delivery EBITDA margin improved to 5.0% from 3.9% a year ago. Additionally, net order value (NOV) of its B2C businesses grew 55% YoY and 16% QoQ to Rs 20,183 crore, with quick commerce surpassing food delivery NOV for the first time in a full quarter. ADVERTISEMENT After the sharp run-up, technical analysts have differing views on the next course of to Kunal V Parar, VP of Technical Research and Algo at Choice Broking, 'The stock has delivered an impressive return in recent sessions and continues to exhibit strong upward momentum, suggesting potential for further gains from current levels.' He observed that although the stock recently touched a new all-time high, it 'struggled to sustain above its previous resistance at Rs 305.' ADVERTISEMENT A decisive close above this level could, in his view, trigger the next leg of the rallyFrom a technical standpoint, Parar noted that the stock is currently trading above both its 50-day and 100-day moving averages, with a positive crossover that signals sustained bullish sentiment. Additionally, the daily Relative Strength Index (RSI) has moved above 70 for the first time in a while, indicating renewed market participation. ADVERTISEMENT He expects the stock to move towards the Rs 324–Rs 360 range in the near term, but advised investors to maintain a strict stop loss at Rs 275 to manage the other hand, Jigar S Patel, Senior Manager - Technical Research Analyst at Anand Rathi Shares and Stock Brokers, advised caution at current his words, 'At the current juncture, investors are advised to book profits in the Rs 300–Rs 305 range, as the stock approaches its previous high from December 2024.' ADVERTISEMENT Also read:IEX shares hit 10% lower circuit after CERC nod for market coupling ahead of Q1 resultsPatel added that investors should adopt a 'wait-and-watch approach' until a decisive weekly close above Rs 305 is observed before considering any fresh Thursday, the shares of Eternal were trading 2% higher at Rs 308 on the BSE around 10 am. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)


Time of India
17 hours ago
- Business
- Time of India
Eternal shares zoom 20% this week as Street rejoices Q1 results. What should investors do now?
Live Events What should investors do now? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Eternal , formerly Zomato , have surged 19.7% so far this week, hitting a high of Rs 307.95 on the BSE on Thursday. The rally follows the company's Q1FY26 earnings report, which, despite a steep decline in profitability, impressed the Street with strong topline performance and robust growth across its core stock touched a fresh record high of Rs 311.60 earlier this week after it reported a 70% YoY surge in revenue from operations to Rs 7,167 crore for Q1FY26. This growth was led by solid performance in the quick commerce and food delivery net profit dropped sharply by 90% YoY to Rs 25 crore, down from Rs 253 crore in the same quarter last year, largely due to continued investments in quick commerce and the going-out Goyal, CFO of Zomato , attributed the drop in profitability to 'continued investments in quick commerce and the going-out vertical.'The company's consolidated adjusted EBITDA declined 42% YoY to Rs 172 crore. Still, food delivery EBITDA margin improved to 5.0% from 3.9% a year ago. Additionally, net order value (NOV) of its B2C businesses grew 55% YoY and 16% QoQ to Rs 20,183 crore, with quick commerce surpassing food delivery NOV for the first time in a full the sharp run-up, technical analysts have differing views on the next course of to Kunal V Parar, VP of Technical Research and Algo at Choice Broking, 'The stock has delivered an impressive return in recent sessions and continues to exhibit strong upward momentum, suggesting potential for further gains from current levels.' He observed that although the stock recently touched a new all-time high, it 'struggled to sustain above its previous resistance at Rs 305.'A decisive close above this level could, in his view, trigger the next leg of the rallyFrom a technical standpoint, Parar noted that the stock is currently trading above both its 50-day and 100-day moving averages, with a positive crossover that signals sustained bullish sentiment. Additionally, the daily Relative Strength Index (RSI) has moved above 70 for the first time in a while, indicating renewed market expects the stock to move towards the Rs 324–Rs 360 range in the near term, but advised investors to maintain a strict stop loss at Rs 275 to manage the other hand, Jigar S Patel, Senior Manager - Technical Research Analyst at Anand Rathi Shares and Stock Brokers, advised caution at current his words, 'At the current juncture, investors are advised to book profits in the Rs 300–Rs 305 range, as the stock approaches its previous high from December 2024.'Patel added that investors should adopt a 'wait-and-watch approach' until a decisive weekly close above Rs 305 is observed before considering any fresh Thursday, the shares of Eternal were trading 2% higher at Rs 308 on the BSE around 10 am.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)


India.com
2 days ago
- Business
- India.com
Rs 20000000000 earned in just 2 days! Blinkit makes Deepinder Goyal even richer by..., beats BIG companies like Wipro, Tata Motors, others
BIG trouble for Deepinder Goyal as internal whistleblower alleges... Zomato CEO responds, says.... Deepinder Goyal, one of India's modern business icons, is once again in the news. His company, Eternal, has seen a big jump in its share price and the reason behind this sudden rise is its quick commerce business, Blinkit. Because of this sharp rally, Goyal's personal wealth has gone up by nearly Rs. 2,000 crore in just two days. In the last two trading sessions, Eternal's shares have increased by over 21 per cent. On the NSE, the stock even hit an all-time high of Rs. 311.60. This strong performance has pushed Eternal's market value beyond Rs. 3 lakh crore, making it more valuable than big names like Wipro, Tata Motors, Nestlé, and Asian Paints. Deepinder Goyal's net worth crosses Rs. 11,500 crore Deepinder Goyal, who is 42 years old, owns 3.83 per cent of Eternal. Thanks to the rise in the share price, his total wealth has now crossed Rs. 11,515 crore. According to Forbes, his net worth is now about USD 1.9 billion, placing him among the fastest-growing entrepreneurs in India. The rise in Eternal's share price The rise in Eternal's share price is not random as the biggest reason behind it is the growth of its quick delivery business, Blinkit. According to reports, Blinkit's net order value (NOV) has now become bigger than Zomato's food delivery business. Eternal's success is also helping its competitors and investors. For example, Swiggy's shares jumped 7 per cent in a single day. Info Edge, which owns 12.38 per cent of Eternal, saw its stock price rise by more than 3 per cent. Now, Eternal is planning to open 3,000 Blinkit stores in the future, though the exact time of the plan has not been revealed yet. Who is Deepinder Goyal and how did he start Zomato? Deepinder Goyal is the co-founder and CEO of Zomato. He started the company in 2008 along with his friend Pankaj Chaddah. At first, the website was called Foodiebay. It simply showed menus of different restaurants. The idea came to him when he was working at Bain & Company. He noticed that people in his office often struggled to find restaurant menus during lunch. That's when he got the idea as to why not put all the menus of the restaurants in one platform? Later in 2010, the company was renamed Zomato, and it slowly became a popular name in the food industry. What was Deepinder Goyal's early life and education like? Deepinder Goyal was born on 26 January 1983 in a small village in Punjab. He did his schooling in Chandigarh. After that, from 2000 to 2005, he studied at IIT Delhi, where he earned a degree in Mathematics and Computing. After college, he got a job at Bain & Company, a global consulting firm. That's where his journey toward starting Zomato began. What services does Zomato offer today? Today, Zomato offers many useful services in India and the UAE. It helps people order food online, book tables at restaurants, and read reviews written by other customers. In 2022, Zomato also bought Blinkit (which was earlier called Grofers). Blinkit delivers groceries and daily essentials in just 10 minutes.


Time of India
2 days ago
- Business
- Time of India
Explained: How Zomato's Deepinder Goyal became Rs 2,000 crore richer in just 2 days
Deepinder Goyal, the Zomato CEO, is once again making headlines as the billionaire's net worth has jumped by around Rs 2000 crore in just 2 days. According to an ET report, following a blistering rally in Eternal shares, Deepinder Goyal got Rs 2,000 crore richer in just 2 days, on Tuesday. As per the report, the investors have reacted positively to the rapid expansion of Blinkit, the quick commerce division of Eternal, leading to a surge of over 21 per cent in the company's shares over the past two days. The stock even reached a new all-time high of Rs 311.60 on the NSE. Eternal's 42-year-old founder and CEO, Goyal, who is a self-made billionaire, has seen the value of his 3.83 per cent stake in the company rise to Rs 11,515 crore as a result of it. Deepinder Goyal's net worth is now estimated to be $1.9 billion According to Forbes's list of real-time billionaires, the IITians' net worth is $1.9 billion (Rs 15,820 crore). Meanwhile, during the whole day, the Eternal shares surpassed the R 3 lakh crore market capitalisation mark. Additionally, now it is more valuable than the likes of Wipro, Tata Motors, Nestlé, and Asian Paints. The impact was not only seen on Blinkit, but the boom in Eternal share also positively impacted the rival company Swiggy, which rallied over 7 per cent during the day. How did Zomato's Deepinder Goyal add Rs 2000 crore as Eternal shares hit a record? On Tuesday, shares of Eternal jumped over 21 per cent in the past 48 hours, hitting a new record high of Rs 311.60 on the NSE, reported India Today. The rally came despite the company reporting a 90 per cent year-on-year fall in its consolidated net profit for the quarter ended June 2025 (Q1FY26). The net profit stood at Rs 25 crore, down from Rs 253 crore in the same period of the previous year. Following the release of Eternal's first-quarter financial year 2026 earnings, the share price experienced a significant rise. In the first quarter of FY26, Zomato's parent business reported a 90 per cent year-over-year drop in net profit to Rs 25 crore. However, during the reviewed quarter, its operating revenue rose by 70 per cent year over year to Rs 7,167 crore. The increase in Eternal's share price was further reinforced by positive management remarks. Revenue generated from the food delivery segment rose by over 16 per cent For Q1 FY26, the company noted a rapid commerce revenue of Rs 2,400 crore, up approximately 155 per cent YoY from Q1 FY25's revenue of Rs 942 crore. The meal delivery segment's revenue increased by more than 16 per cent year over year to Rs 2,261 crore. FAQs Q. What does this mean for Eternal? The spike in share price pushed Eternal's market capitalisation past Rs 3 lakh crore, making it more valuable than rival companies Wipro, Tata Motors, Nestle, and Asian Paints. Q. How many shares does Deepinder Goyal have? The sudden rally transition translated into a significant wealth gain for Eternal CEO Deepinder Goyal, who holds nearly 369,471,500 shares in the company. For the latest and more interesting financial news, keep reading Indiatimes Worth.