Eternal (Zomato) seen resuming uptrend toward Rs 290 after consolidation: Bajaj Broking
Bajaj Broking expects Eternal, the quick-commerce and food-delivery major, to break out of its Rs 235-265 consolidation range and head toward Rs 290 over the coming months. The call positions Eternal as the India-relevant retail name to watch over a 6-9 month horizon.
Bajaj Broking sees Eternal (formerly Zomato) resuming its uptrend toward Rs 290 over coming months after consolidation; Axis Direct rates DCB Bank Buy with Rs 205 target. Eternal is the India-relevant retail/quick-commerce name.
Why this matters
The bullish call lands as Eternal navigates competitive and cost pressures: its CFO recently questioned Swiggy's budget app Toing, and analysts flagged a Rs 0.44 per-order fuel headwind as manageable for both players.
Retail-company signals holding steady with 4,009 signals tracked over the past 90 days.