Shares of Eternal Ltd., the parent company of Zomato and Blinkit, reached a fresh 52-week high on October 9, 2025, after global brokerage Citi raised its target price for the stock to ₹395 from ₹320, maintaining a "Buy" rating. The upward revision reflects Citi's confidence in Eternal's growth prospects, particularly driven by the robust performance of its quick commerce arm, Blinkit.
Blinkit's Stellar Growth Propels Stock Surge
Eternal's quick commerce division, Blinkit, has been a significant contributor to the company's recent success. Citi highlighted Blinkit's impressive growth trajectory, noting a 123% year-on-year increase in Gross Order Value (GOV) for the fiscal year 2026, with pr
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