Zomato’s Parent Eternal Shares Surge After Quick-Commerce Boosts Earnings

Sankalp Phartiyal

Alex Gabriel Simon

Ashutosh Joshi

Company Overview

Eternal 3Q Profit Misses Est.; Albinder Dhindsa Named CEO (3)

Bloomberg Profile

Eternal's Shares Are Yet to Recoup Past Peak

Eternal Shares Jump on Quick Commerce Breakeven: Street Wrap

India

Earnings

Mumbai

Startups

Markets

Finance

Emerging Markets

Asia

BRICS

Megacity

Japan

Consumer Discretionary

Eternal’s shares jumped in early trading in Mumbai on Thursday after strong momentum in its quick-commerce business boosted its quarterly earnings and prompted several broker upgrades

Uber Sells India Food Business To Rival Zomato To Cut Losses 

Eternal Ltd.’s shares ended lower on Thursday, reversing initial gains as a surprise leadership change and concerns over intensifying competition in India’s quick-commerce market tempered optimism after its strong earnings.

Eternal Shares Reverse Early Gains as Competition Worries Weigh

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