After months of consolidation and weakness, Eternal shares are showing signs of a potential turnaround. The stock came under pressure amid frothy valuations and concerns around the prospects of quick commerce, falling to a 52-week low of Rs 212 in March this year.
However, a promising start to FY27 sparked a sharp rebound, with the stock rallying 10% in just two sessions and about 21% in the last month. Despite the recent gains, the food delivery major trades 20% below its October peak of Rs 368 per share, based on the previous closing price.
