Eternal shares fall for eighth straight day, longest losing streak in four years

Shares of Eternal Ltd., parent company of food delivery and quick commerce operators Zomato and Blinkit, are down for the eighth day in a row on Thursday, February 26, having given up early gains after a block deal that took place in the stock.As many as 9.7 crore shares of Eternal, or 1% of its outstanding equity has changed hands in this transaction. Shares changed hands at an average price of ₹247.75, which takes the total transaction value to ₹2,403 crore.

The last instance of the stock declining for eight days at a stretch was between April 27 to May 10, 2022, when the stock had declined for nine days in a row.
Buyers and sellers in the block deal that took place in Eternal are not officially known yet.In a note on Wednesday, brokerage firm Bernstein said that it remains constructive on the Indian Quick Commerce space based on its fundamentals, as it offers a good anti-AI investment se, but may require some stomach to absorb narrative-based volatility over the next few quarters.

The brokerage had maintained its “outperform” rating on Eternal with a price target of ₹370.

33 analysts have coverage on Eternal, where 30 of them have a “buy” rating and the rest have a “sell” rating.

Shares of Eternal are currently fluctuating between gains and losses, currently trading 0.2% lower at ₹249.6. The stock is now down to the lowest level since June 2025 after this eight-day losing streak, during which it has declined 13%.