Why Eternal Share Price is Rising

In recent years, India has experienced a significant increase in internet and smartphone usage. This growth has helped its digital sector expand.

Higher incomes and widespread digital use have fueled the growth of e-commerce. It has changed how business operates and created new opportunities across B2B, D2C, C2C, and C2B models.

That's where Eternal comes in.

Eternal Ltd, formerly known as Zomato Ltd until it rebranded in early 2025, is a diversified technology platform operating multiple business verticals, including food delivery, and aims to expand beyond its core services.

Today, its share price surged by over 4%, drawing investors' attention.

So, what's driving this upward momentum?

# Passive Inflows

Eternal's share price jumped over 4% on Tuesday, reaching an almost one-month high, and the reason behind this move has caught the market's attention.

The rally started after the reports suggested that Eternal could get full weightage in the MSCI Index, during the February review.

The company now has more room for foreign investors to increase their stake beyond 25%, which makes the stock eligible for full MSCI weightage.

Estimates suggest that this could lead to foreign inflows of nearly $390 million (m).

The market is clearly pricing in future inflows, and that expectation is what's driving Eternal's share price higher.

What Next?

Moving forward, Eternal aims to shift to 100% electric vehicles for food deliveries by 2030 and achieve net-zero emissions across its food ordering and delivery operations by 2033.

India's e-retail market continues to expand at a fast pace. Projections indicate that e-retail will exceed US$ 160 bn by 2028.

Long-term fundamentals remain strong, with annual growth expected to average over 18% and gross merchandise value (GMV) reaching Rs 145,000 bn (US$ 170 billion) by 2030.

According to IBEF, India's online shopper base has grown rapidly, rising from 140 m in 2020 to nearly 260 m in 2024. This number is expected to reach 300 m by 2030 and could touch 700 m by 2035, driven largely by demand from tier-2 and tier-3 cities.

The Indian E-commerce industry has been on an upward growth trajectory and is expected to surpass the US to become the second-largest E-commerce market in the world by FY34.

With these trends shaping India's e-commerce and retail landscape, Eternal, being part of this sector, stands to benefit from long-term growth, technology adoption, and rising consumer demand.

How Eternal Shares Have Performed Recently

Over the past five trading sessions, Eternal's shares have risen 4.3%, taking its one-year gain to 29%.

The stock touched its 52-week high of Rs 368.4 on 16 October 2025 and its 52-week low of Rs 189.6 on 7 April 2025.

About Eternal

Eternal Ltd was formerly known as Zomato Ltd until it rebranded in early 2025. The company officially changed its corporate name to Eternal Ltd on 20 March 2025, following approval from the Ministry of Corporate Affairs and shareholders.

This change reflects a strategic transformation from being primarily a food delivery company to becoming a diversified technology conglomerate with multiple business verticals.

Though it operates in the food delivery segment, Eternal as the parent company, is now a multi-service platform with ambitions beyond its original core business of Zomato.

To know more, check out Eternal's fact sheet and quarterly results.

You can also compare Eternal with its peers on our website.

Eternal vs Swiggy

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.

Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. Learn more about our recommendation services here...