Shares of Eternal Ltd. hit a record high of ₹311.6 on Tuesday, July 22. At the highest point of the day, the company’s market capitalisation touched the mark of ₹3 lakh crore.The parent company of food delivery aggregator Zomato, delivered strong commentary after its June quarter results, with losses for its quick-commerce vertical narrowing and revenue seeing a significant jump from the same quarter last year.
Brokerages too, have upgraded Eternal and raised their price targets on the stock. Jefferies now expects the stock to touch levels of ₹400, which is the highest target on the street.
At ₹3 lakh crore, Eternal’s market capitalisation makes it more valuable compared to over 20 Nifty 50 constituents. Prominent among them include, Wipro, Tata Motors, JSW Steel, Nestle India, Coal India, Bajaj Auto, Asian Paints, Eicher Motors, Tech Mahindra and Cipla.
Brokerages too, have upgraded Eternal and raised their price targets on the stock. Jefferies now expects the stock to touch levels of ₹400, which is the highest target on the street.
At ₹3 lakh crore, Eternal’s market capitalisation makes it more valuable compared to over 20 Nifty 50 constituents. Prominent among them include, Wipro, Tata Motors, JSW Steel, Nestle India, Coal India, Bajaj Auto, Asian Paints, Eicher Motors, Tech Mahindra and Cipla.
| Stock | Market Cap (₹ Crore) |
| Eternal | 3 Lakh |
| Wipro | 2.72 Lakh |
| Tata Motors | 2.53 Lakh |
| JSW Steel | 2.52 Lakh |
| Nestle India | 2.38 Lakh |
| Coal India | 2.38 Lakh |
| Bajaj car | 2.36 Lakh |
| Asian Paints | 2.27 Lakh |
Eternal’s surge to a record high has also take the stake of Info Edge (India), that it has in the company to close to ₹40,000 crore. This is more than one-third of Info Edge’s overall market capitalisation, which is over ₹94,000 crore, based on the current market price.Shares of Eternal have cooled off from their record high levels of ₹311, currently trading 10.1% higher at ₹299.1. The stock has risen 41% so far in 2025.
