Eternal Share Price Target 2026: HDFC Securities has upgraded Eternal stock to a Buy rating. The brokerage said that Eternal, the owner of Zomato, continues to remain a lap-up over peers across segments.
The brokerage has set a target price of Rs 340 on Eternal stock.
Eternal stock closed 2 per cent lower at Rs 231.99 on the National Stock Exchange (NSE) during Thursday's trading session (April 2).
Eternal share price target of Rs 340 implies an upside of 46 per cent from Thursday's closing price.
HDFC Securities said that in the food delivery segment, it expects monthly transacting users additions/order/NOV growth to improve 20/24/18% YoY, respectively, as the impact of an aggressive Gold membership programme (in Q2FY26) starts to bear fruit in terms of MTU recruits.
Eternal Share Price Target 2026: Impact Of LPG Shortage
The recent LPG shortages have caused menu restrictions, the brokerage said. But volume impact remains minimal.
"There could potentially be some impact on margins though, assuming higher fulfilment costs as platforms increase the delivery radius to protect volumes (preemptive platform fee hikes of 17-19 per cent taken to protect margins)," HDFC Securities said.
Also, the minimum orders for discounted sales have been raised across platforms, which should aid profitability further.
Eternal Share Price Target 2026: Blinkit Performance
In the quick commerce, Blinkit’s market share gains are likely to continue. It said that Blinkit continues to piggy-back on its broader supply chain and balance expansion and unit economics better.
