Yesterday, on 8th April 2025, Eternal experienced a 2% surge in its share price. Analysts and market experts attribute the causes to broader market fluctuations and their influence on investor confidence.
Yesterday, Zomato’s shares opened to the market at Rs. 213.19, notably higher than the closing price on 7th April, Rs. 209.75. The share prices recorded a day high of Rs. 219.19 and a day low of Rs. 210.81.
Zomato’s Share Price on 8th April
At 15:59, when the market closed, Zomato’s share price was Rs. 213.19, nearly 0.8% lower than its previous close. According to the reports and estimates on Money Control, the current market capitalization stood at Rs. 2,07,725 cores; the UC Limit was 230.59, and the LC Limit was 188.66.
Company Financials
Zomato (now Eternal) reported that its third quarter of FY 2024-25 recorded a decrease in net profits. With a 57% decrease against the last third quarter, the company reported Rs. 59 crores. As per the data reported, Zomato’s operating revenue indicated a 64% increase to Rs. 5,405 crores from Rs. 3,288 crores in the third quarter of the previous year. Eternal’s food delivery segment saw a 21.5% increase in revenue (Rs. 2,072 crores), and its e-commerce delivery service, Blinkit, saw a 117% gain in revenue (Rs. 1,399 crores).
Recent News About Zomato (Eternal)
- In late March, Zomato and JFS were added to the Nifty 50 index. They replaced Bharat Petroleum Corporation Limited (BPCL) and Britannia Industries.
- The CCI is reviewing the antitrust complaint against Zomato to determine whether a formal investigation is warranted.
Zomato (Eternal) Share Price Target
Based on the latest calculations by market experts, Eternal Ltd. has an average target of 271.33. The consensus estimate represents an upside of 27.77% from the last price of 212.35.
Should You Buy, Sell, Or Hold?
Most analysts on Trendlyne and TradingView strongly supported buying the shares. On MoneyControl, 55% of analysts suggested buying, 27% recommended holding, and 7% suggested selling the shares. But, before investing in Eternal/Zomato, consider its long-term performance and consult your analyst to make the perfect move.
