ETERNAL TARGET PRICE

Are you looking at the Nifty to figure out whether to be bullish or bearish? If yes, cast your eye back to the day last year when the big correction started. Did all stocks start falling only after September 26, 2024, the day the indices peaked? No....

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 co...

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 cove...

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 ...

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...

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, b...

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,...

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 th...

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 ...

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 an...

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 ...

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 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-wheeler...

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-d...

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....

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 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 p...

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...

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.