Eternal shares witnessed strong investor interest in early trading on Thursday, with the stock price surging over 7% following the release of the company's Q3 results. The positive market response reflects investor confidence in the quarterly performance.

Stock Performance Details

The stock demonstrated significant volatility and upward momentum during the trading session. Key price movements are outlined below:

Market Response

The stock opened with strong buying interest, reaching its intraday high of ₹304.20 per share, marking a substantial 7.33% increase from the previous close. Despite some profit-taking later in the session, the stock maintained its positive trajectory, trading at ₹290.35 per share by 9:25 AM with a gain of 2.45%.

The market's positive response to Eternal's Q3 results indicates investor optimism about the company's quarterly performance. The significant price movement in early trade suggests heightened trading activity and investor interest in the stock following the results announcement.

Eternal has announced a strategic operational shift to an inventory-based business model, marking a significant change in the company's approach to business operations. This transition represents a fundamental shift in how the company manages its business processes and revenue generation.

Strategic Business Model Transition

The company has provided specific guidance regarding the financial impact of this operational change. Management has outlined clear expectations for the benefits that will accrue from implementing the new inventory model approach.

Financial Impact and Timeline

According to management guidance shared during a conference call, the transition to the inventory model is expected to deliver quantifiable benefits to the company's financial performance.

Management Expectations

The company's leadership has provided a structured timeline for the realization of benefits from this strategic shift. The guidance indicates that the full 1% accretion benefit is anticipated to accrue within six to nine months of implementation. This timeframe suggests a phased approach to the transition, allowing for systematic implementation and gradual benefit realization.

The announcement was made during a conference call, indicating that management is maintaining transparent communication with stakeholders regarding this strategic initiative and its expected outcomes.