Eternal Ltd , the parent company of popular brands Zomato and Blinkit, has witnessed a significant surge in its market capitalization, reaching Rs 3.26 lakh crore following a robust stock rally. The company's shares closed at Rs 337.90 on the Bombay Stock Exchange (BSE), marking a 2.96% increase and touching a 52-week high of Rs 338.65 during the trading session.

Stock Performance

The stock has demonstrated impressive momentum, gaining 5.11% over four consecutive trading days. Eternal Ltd has delivered a substantial return of 21.54% to its investors, highlighting the strong market confidence in the company's business model and growth prospects.

Market Position

Eternal Ltd has emerged as the top gainer among both Sensex and Nifty companies, solidifying its position in the market. The company now ranks 22nd among the top 100 companies by market capitalization, surpassing several well-established firms across various sectors.

Surpassing Industry Peers

The recent rally has propelled Eternal Ltd's market valuation beyond that of several major companies:

This achievement underscores Eternal Ltd's growing influence in the Indian stock market and its attractiveness to investors. The company's strong performance reflects the positive sentiment surrounding its core businesses, Zomato and Blinkit, which operate in the food delivery and quick commerce sectors.

As Eternal Ltd continues to strengthen its market position, investors and industry observers will be keenly watching the company's future moves in the competitive digital consumer services landscape.

Eternal , the company formerly known as Zomato, has achieved a significant milestone in the Indian stock market. The food delivery and quick commerce giant has surpassed two major Indian conglomerates, Tata Motors and Titan, in terms of market capitalization, securing its position among the top 25 Nifty50 stocks.

Market Capitalization Milestone

Eternal's market capitalization has reached an impressive Rs 3.13 lakh crore, edging past Titan's Rs 3.12 lakh crore and significantly exceeding Tata Motors' Rs 2.64 lakh crore. This remarkable achievement has propelled Eternal into the elite group of India's most valuable publicly traded companies.

Ranking Among Industry Giants

The company's ascent in market value has positioned it above several well-established firms, including:

• Adani Ports
• ONGC (Oil and Natural Gas Corporation)
• Bharat Electronics

This new ranking reflects the growing investor confidence in Eternal's business model and future prospects.

Stock Performance

Eternal's stock has demonstrated strong performance across various timeframes:

Growth Drivers

The company's impressive growth momentum is largely attributed to Blinkit, its quick commerce arm, which has emerged as a key revenue driver. The success of this segment underscores Eternal's strategic diversification beyond its core food delivery business.

Market Implications

Eternal's entry into the top 25 Nifty50 stocks by market capitalization marks a significant shift in the Indian stock market landscape. It highlights the growing importance of new-age technology companies in the country's economy and their ability to compete with traditional industrial and retail giants.

As Eternal continues to evolve and expand its services, investors and market watchers will be keen to observe how it maintains this growth trajectory and competes with established players in the dynamic Indian market.