Info Edge India's shares experienced a notable uptick, climbing nearly 4% in recent trading. This surge comes on the heels of a strong performance by Eternal Ltd., the parent company of food delivery giant Zomato, in its latest quarterly results.

Eternal's Impressive Performance

Eternal shares skyrocketed by 15%, reaching all-time highs following the announcement of its June quarter results. This remarkable performance has had a significant positive impact on Info Edge, which holds a substantial 12.38% stake in Eternal.

Info Edge's Valuable Stake

The value of Info Edge's stake in Eternal has now surpassed ₹37,100.00 crore, representing more than one-third of Info Edge's total market capitalization of ₹94,000.00 crore. This highlights the significant contribution of the Eternal investment to Info Edge's overall valuation.

A Decade of Investment Growth

Info Edge's journey with Eternal began in August 2010 when it made an initial investment of ₹4.70 crore for an 18.5% stake during the seed funding round. By the time of Zomato's initial public offering (IPO) in 2021, Info Edge held close to a 19% stake in the company.

Current Trading and Year-to-Date Performance

As of the latest trading session, Info Edge shares were priced at ₹1,457.90. However, it's worth noting that the stock has experienced a 17% decline year-to-date.

Info Edge's Investment in Eternal (Zomato's Parent Company)

This recent surge in Info Edge's stock price underscores the significant value that its early-stage investments, particularly in successful ventures like Eternal (Zomato), bring to the company's overall market position.

Info Edge India's shares experienced a notable uptick, rising nearly 4% following the strong performance of Eternal Ltd., the parent company of Zomato, in its June quarterly results. This surge in Info Edge's stock price highlights the significant impact of its investment in Eternal on its overall market valuation.

Eternal's Performance Boosts Info Edge

Eternal Ltd.'s shares surged an impressive 15%, reaching all-time highs after the company reported robust June quarterly results. This stellar performance had a positive ripple effect on Info Edge, which holds a substantial 12.38% stake in Eternal.

Info Edge's Stake Value Soars

The value of Info Edge's stake in Eternal has now reached over ₹37,100.00 crore, representing more than one-third of Info Edge's total market capitalization of ₹94,000.00 crore. This underscores the significant role that the Eternal investment plays in Info Edge's overall valuation.

Long-term Investment Success

Info Edge's investment in Eternal has proven to be highly lucrative over the long term. The company initially invested a modest ₹4.70 crore for an 18.5% stake in Eternal back in August 2010 during the seed funding round. At the time of Zomato's initial public offering (IPO) in 2021, Info Edge held close to a 19% stake in the company.

Current Trading Performance

As of the latest trading session, Info Edge shares were priced at ₹1,457.90. However, it's worth noting that despite the recent gains, the stock has experienced a 17% decline year-to-date.

This recent surge in Info Edge's stock price, driven by the strong performance of its Eternal investment, demonstrates the potential impact of strategic investments on a company's market valuation. Investors and market watchers will likely continue to monitor the performance of both Info Edge and Eternal closely in the coming months.