India, July 23 -- Shares of Eternal jumped as much as 4.5% on the BSE today to hit an intraday high of Rs.296.15 after brokerages issued positive commentary on the foodtech major's Q1 FY27 performance and reiterated their bullish outlook.

The stock later pared some gains to trade 3.5% higher at Rs.293.35 apiece at 11:30 IST, valuing the company at Rs.2.83 Lakh Cr (about $29.3 Bn).

The rally followed Eternal's June-quarter earnings, which reflected strong momentum across both Zomato's food delivery business and Blinkit's quick commerce operations. Brokerages highlighted Blinkit's robust growth, improving profitability, and Eternal's confidence in navigating rising competition.

JPMorgan maintained its 'Overweight' rating and Rs.390 targe...