Eternal Ltd, the parent firm of Zomato and Blinkit, faced selling pressure on Monday following a significant block deal and concerns about the company’s financial results. The share price initially rose in early trade, but then it lost momentum and declined 4% from the day's high to Rs. 285.75 as traders reacted to fresh institutional activity and cautious earnings commentary.
A sizeable secondary market transaction involving 5.3 crore shares, representing around 0.54% of Eternal’s equity, changed hands at Rs. 290.4 per share, valuing the deal around Rs. 1,535 crore.
Following the transaction, Eternal’s stock climbed 1.7% to touch an intraday high of Rs. 297.35. However, the gains faded quickly under selling pressure.
Eternal is still up by 7.32% in 2025, the stock has lost almost 5% in the past year and has also experienced corrections in recent months. Its current trading price is far below the 52-week peak of Rs. 368.40 reached in October 2025.
November recorded nearly 90 lakh shares changing hands with a value of over Rs. 279 crore. June also witnessed a substantial transaction of about 61 lakh shares amounting to Rs. 156 crore.
The constant participation of institutional investors indicates an interest in the digital portfolio of Eternal, which includes the fast-growing market of Blinkit.
Eternal's Q2 FY26 earnings showed a mixed picture. The company reported a 63% YoY decline in consolidated profit to Rs. 65 crore, as total revenue surged 183% to Rs. 13,590 crore.
The revenue jump was mostly supported by Blinkit, which continues to scale across key urban markets.
However, the company cautioned that YoY comparisons are not fully aligned due to the acquisition of Orbgen Technologies and Wasteland Entertainment businesses previously part of Paytm’s movie and events operations.
Eternal additionally warned of a slower near-term growth trajectory for Zomato’s food delivery business, citing muted discretionary spending and increased competition from quick commerce.
Also Read: Zomato vs Swiggy: Which Stock to Buy After Q2 Results?
Eternal remains focused on strengthening Blinkit’s network. In 2025 alone, the company has injected Rs. 2,600 crore into the quick-commerce platform, including a Rs. 600 crore inflow this month.
The primary objectives of the capital are to support the company's growth, provide the necessary funds for its daily operations, and cover the losses it incurs while expanding.
Eternal is continuously monitored by investors weighing their options in India's fast-changing consumer-tech ecosystem, mainly due to constant interest from institutions and ongoing investments in high-growth verticals.