ETERNAL TARGET PRICE
Blinkit can break-even in Q4, says Nomura; raises Eternal target price
Nomura raised Eternal’s target price to Rs 370, projecting a 12% rally driven by Blinkit’s shift to an inventory-led model, store expansion, and expected breakeven by FY26. Food delivery remains the cash engine with strong growth prospects, while competition poses near-term risks.
Buy, Sell or Hold: Antique sees over 30% upside in Cyient DLM; JM Financial initiates coverage on Angel One
Brokerages remain bullish on select stocks, with Nomura backing Eternal for its food delivery and quick commerce leadership, Antique initiating coverage on Cyient DLM citing growth recovery and infrastructure strength, and JM Financial starting coverage on Angel One, highlighting its agile model, promoter backing, and resilient performance despite headwinds.
Swiggy gets another buy call, this time from Nomura, with Rs 550 target price
Swiggy's stock receives a 'buy' rating from Nomura, setting a target price of Rs 550, citing disciplined execution and improved breakeven visibility. Ongoing product innovations like Bolt are helping Swiggy gain market share against Zomato. Motilal Oswal also upgraded Swiggy to 'BUY', anticipating multiple tailwinds and raising food delivery growth estimates for FY26-27.
Order now! With Zomato & Swiggy soaring, which stock should be in your portfolio?
Zomato and Swiggy have experienced significant growth, fueled by strong order volumes and improved quick commerce prospects. While GST rule changes initially caused concern, analysts believe the impact will be minimal as both companies adapt through platform fee adjustments.
Motilal Oswal upgrades Swiggy to ‘buy’ rating, sees 32% upside potential. Should you invest?
Motilal Oswal projects stronger growth for food delivery and quick commerce, upgrading Swiggy to ‘buy’ with a Rs 560 target and maintaining Eternal at Rs 420. Easing competition, GST reforms, and festive demand are expected to drive profitability, boosting investor confidence in the sector.
Ganesh Chaturthi Picks: Eternal, DMart, Eicher among top stocks to buy with up to 16% upside scope
As Ganesha Chaturthi celebrations begin, Pravesh Gour recommends three stocks. Eicher Motors shows promise with a target of Rs 6,800. Avenue Supermarts exhibits strength, potentially reaching Rs 5,300-5,500. Eternal displays a flag pattern breakout, aiming for Rs 360-380. These picks offer long-term investment opportunities. Gour's analysis provides insights for investors seeking growth. Remember to consult financial advisors before investing.
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How China influences elections in America's biggest city
Chinese hometown associations in New York City, some with ties to the Chinese consulate, are accused of meddling in local elections. These groups have allegedly undermined candidates critical of China's government and supported those aligned with the Communist Party. Tactics include mobilizing voters, fundraising, and leveraging social media to influence election outcomes, raising concerns about foreign interference in U.S. politics.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 27%
At this point of time, both the bulls and bears are pretty much even, though the bias is toward the bulls. The thing that will tilt the balance in favour of the bears is the implementation of the additional 25% tariff on Indian exports to the US on August 27. But we are assuming that better sense will prevail; and, even if they are implemented, we would soon see an India-US trade treaty that would reverse the tariff. If that happens, the bullish sentiment will get a boost and the tilt will first be toward large-cap stocks. Especially where the quality of the balance sheet is strong and there is little need for further debt for the business.
2 top stock recommendations from CA Rudramurthy BV
CA Rudramurthy BV of Vachana Investments remains optimistic about the market, suggesting a "buy on every dip" strategy. He highlights the positive impact of the GST initiative and potential RBI rate cuts. While acknowledging geopolitical tensions and other external factors, he anticipates the market reaching all-time highs if these issues subside and earnings improve.
Swiggy shares jump over 5% in intra-day trade; what’s driving the rally?
Swiggy's shares jumped 5.5% following optimistic forecasts for its food delivery and quick commerce sectors. DAM Capital projects a 28% revenue CAGR and profitability by FY28, driven by Instamart's growth. Market share recovery and inclusion in the MSCI Global Standard Index further boosted investor confidence in Swiggy's potential.
Discounts galore at qcomm; VCs pick AI developers
Happy Tuesday! Quick commerce apps are turning up the discount dial this festive season in a bid to hold on to customers. This and more in today’s ETtech Morning Dispatch.
GST Reforms 2.0: Full list of over 40 stocks that can benefit from PM Modi's Diwali promise
GST Rate Cut News: As PM Narendra Modi plans GST structure changes by Diwali, Dalal Street sees potential winners across sectors like auto, financial, real estate, consumer, and cement stocks. The GST reforms aim to reduce retail prices. Two-wheelers and small cars may benefit. Cement sector could see revenue boost. Banks may gain from increased consumption. Over 40 stocks are identified as potential beneficiaries.
Rs 3,100 crore mutual fund battle: Why MFs are ditching Zomato for Swiggy
Zomato Vs Swiggy: Mutual funds exhibited contrasting strategies in July, divesting approximately ₹1,700 crore worth of Eternal shares amidst a 17% surge, while simultaneously investing ₹1,400 crore in Swiggy, whose shares have declined 26% year-to-date.
Sensex jumps over 200 pts, Nifty tops 24,550 on strong global cues; metal stocks rally
Indian benchmark indices Sensex and Nifty commenced trading on a positive note, reflecting the upward trend in Asian markets. This surge follows encouraging U.S. retail inflation data, fueling anticipation of a Federal Reserve rate cut in September. Easing domestic price pressures further bolstered investor confidence, contributing to the optimistic market sentiment.
Siemens shares tumble 2% as Q3 results disappoint, but brokerage firms raise target price. Here’s why
Siemens shares: Revenue rose 15.5% YoY to ₹4,347 crore, but EPS fell 3.1% to ₹11.89. New orders grew 13% to ₹5,680 crore, and the order backlog expanded 8% to ₹42,845 crore, reflecting strong operational momentum despite lower profits.
Tata Motors shares rise over 2% after reporting Q1 results
Tata Motors reported a 63% YoY drop in Q1FY26 consolidated net profit to Rs 3,924 crore, beating Street estimates despite a challenging demand environment. Revenue declined marginally by 0.3% YoY to Rs 1.04 lakh crore. Motilal Oswal cut the target price to Rs 631, citing ongoing headwinds for JLR and passenger vehicles but noted strong commercial vehicle performance.
SBI shares jump over 2% as brokerages hike target price to Rs 955 post strong Q1 results
SBI shares: SBI reported a quarterly profit of ₹19,160 crore, an increase from ₹17,035 crore in the same period last year, beating market expectations of ₹17,095 crore. The bank's interest income grew by 6% year-on-year, reaching ₹1,17,996 crore, up from ₹1,11,526 crore.
Info Edge shares in focus as Q1 PAT jumps 27% YoY. Should you buy, sell or hold?
Info Edge shares: The company reported a 27% year-on-year rise in consolidated net profit to ₹296 crore for Q1FY26. Revenue from operations grew 17% to ₹791 crore, up from ₹677 crore in the same quarter last year.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Tata stocks lose over Rs 8 lakh crore in 11 months. Is it time to revisit your portfolio allocations?
Tata Group's market capitalization plummeted by over Rs 8.25 lakh crore in 11 months due to global economic uncertainties and sector-specific challenges. Major stocks like TCS, Tata Motors, and Trent experienced significant declines, impacting overall group performance. While some stocks showed resilience, the substantial value erosion prompts investors to reassess their portfolio allocations.
Gland Pharma shares rally 6% as brokerages lift ratings, target prices; here's why
Gland Pharma shares surged after strong Q1 results and positive commentary from brokerages citing a turnaround at its European unit Cenexi. EBITDA margins expanded to 24.4%, and net profit rose 50% YoY. Despite weak U.S. sales, growth in Europe and new launches supported the outlook. Brokerages raised earnings estimates and targets, expecting further gains as Cenexi scales profitability.
AMD launches RX 9060 non-XT with 28 CUs and 8GB memory—Could this budget GPU finally crack Nvidia’s long-standing monopoly?
AMD Radeon RX 9060 non-XT is AMD’s latest RDNA 4 graphics card, designed for smooth 1080p gaming at an affordable price. With 28 compute units, 8GB GDDR6 memory, and support for AMD FSR 4, this GPU delivers solid performance for budget-conscious gamers. Although it's not sold separately in retail, it powers select prebuilt PCs with efficient performance and next-gen features like ray tracing. The RX 9060 non-XT is perfect for gamers who want fast frame rates without spending big, making it a smart entry-level choice in 2025’s evolving graphics market.
Swiggy vs Eternal: Which stock promises better value delivery post Q1 show?
Eternal, the parent company of Zomato and Blinkit, posted a 55% year-on-year increase in its B2C net order value (NOV) for Q1FY26. Blinkit, its quick commerce division, recorded a 140% YoY growth in gross order value (GOV), surpassing food delivery for the first time and becoming Eternal’s largest biz segment.
D2C brands lining up to list on quick commerce platforms in festive season
D2C brands are scrambling to join quick commerce platforms and online marketplaces in preparation to tap into the festive season demand. Quick commerce platforms are also introducing new ad options. Brands are increasing their ad spending. Some smaller brands are struggling with ad costs.
Blinkit & you miss it! FIIs said no to Eternal, retail said wait; who said yes?
Eternal's Q1 results wowed investors, revealing Blinkit's impressive growth. While FIIs and retail investors sold off shares, mutual funds strategically increased their stake, anticipating Blinkit's potential. Blinkit's transition to an inventory-led model and market share gains fueled optimism, leading brokerages to upgrade the stock with higher target prices, recognizing its long-term growth prospects in the food services and quick-commerce sectors.
Eternal soars 10% as Blinkit reports strong performance
Eternal's shares soared over 10% despite a profit dip, fueled by positive management outlook and Blinkit's strong performance, surpassing market expectations. Brokerages raised target prices, citing Blinkit's market share gains over Zepto and improved profitability. The company's focus on dark store expansion is now yielding positive results, making it a preferred pick for investors.
Eternal share price target goes up to Rs 400! What brokerages said after Q1 results
Eternal shares: Excitement over India’s leading quick commerce player soared as the management adopted a notably upbeat outlook, a stark contrast to the cautious tone of earlier quarters, leading brokerages to swiftly revise their targets and ratings upward.
Eternal tops Rs 3 lakh crore market cap, surpasses Wipro, Tata Motors & other Nifty50 giants
Eternal m-cap: The stock surged up to 15% to reach a record high of ₹311.6 on the BSE, before trimming gains to trade 8.8% higher at ₹295.10 by late morning. The sharp rise followed investor enthusiasm over Blinkit’s stellar June-quarter results—Eternal’s quick commerce arm—coupled with a notably more optimistic management.
Rs 2,000 crore in 2 days! Billionaire Deepinder Goyal left richer after Eternal rally
Eternal’s 42-year-old founder and CEO, Goyal—a self-made billionaire—has seen the value of his 3.83% stake in the company surge to ₹11,515 crore.
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