Eternal has received a maintained Buy rating from UBS Group AG, with the brokerage setting a target price of ₹375 for the stock. The recommendation comes amid positive industry dynamics and the company's sustained competitive position in the food-delivery sector.

Strong Industry Growth Projections

UBS highlighted robust growth prospects for the food-delivery industry, projecting approximately 20-21% year-on-year volume growth for February 2026. This strong growth trajectory reflects the continued expansion and adoption of food-delivery services across the market.

Market Position and Competitive Landscape

The company has maintained stable market share during Q4, demonstrating resilience in a competitive environment. UBS noted the evolving quick-commerce landscape, where Blinkit continues to widen its reach gap over competitors Instamart and Zepto, indicating shifting dynamics in the rapid delivery segment.

Potential Near-term Challenges

Despite the positive outlook, UBS identified potential headwinds for March-April volumes due to cooking gas shortages. These supply constraints could impact food-delivery operations during this period, though the brokerage maintains its overall positive stance on the stock.

The maintained Buy rating reflects UBS's confidence in Eternal's market position and the broader industry growth trajectory, despite acknowledging near-term operational challenges that may affect volume growth in the coming months.

Eternal has recorded a major block trade on the Bombay Stock Exchange (BSE), marking significant institutional activity in the stock. The transaction represents one of the substantial block deals executed on the exchange.

Block Trade Details

The block trade involved a considerable volume of shares and was executed at a specific price point on the BSE platform.

Market Implications

Block trades of this scale typically involve institutional investors, mutual funds, or other large market participants. Such transactions are executed outside the regular market to avoid impacting the stock's market price through large volume trades. The execution price of ₹247.05 per share provides insight into the valuation at which institutional investors are willing to transact in Eternal's shares.

The substantial volume of approximately 98.89 million shares indicates significant institutional interest or portfolio rebalancing activity. Block deals often serve as indicators of institutional sentiment and can provide valuable insights into large investor behavior regarding specific stocks.