The Eternal stock rose 1.14 percent to ₹ 236.90 Axis or 12.41 pm today, continuing to attract attention after the reports of contrasting analysts published yesterday. The modest profit occurs when the markets digest the company’s strategic decision to remain in the country.
Jefferies maintained his retention rating in Eternal with an objective price of ₹ 255, citing the limited performance of the updated investment despite the possible regulatory advantages. The firm pointed out that the company’s plans to stay in the country could lead to a weight reduction of the MSCI index, while providing the fast trade arm of Eternal, the option of operating a first -part inventory model.
In contrast, CLSA reiterated its high rating of conviction performance with a significantly higher objective price of ₹ 375. The broker stressed that the structure owned by India would give Blinkit a competitive advantage against the peers and enhanced margins, he thought that working capital might require.
While the foreign investment limit can reduce the eternal weight in certain indices, CLSA believes that this could create opportunities for active buyers in the market. The strategic change is expected to allow Blinkit to take advantage of its scale advantage, offering a variety of broader products and a potentially better price for customers.
Posted on April 22, 2025