Mumbai/IBNS, Feb. 26 -- Shares of Eternal Ltd., the parent company of quick commerce platform Blinkit and food delivery major Zomato, fell for the eighth consecutive day following a large block deal, media reports said.

The identities of the buyers and sellers involved in the transaction have not yet been disclosed.

Despite the recent decline, brokerage firm Bernstein remained optimistic about the quick commerce sector, citing its strong structural fundamentals. The firm described the segment as an attractive "anti-AI investment" theme and maintained its "outperform" rating on Eternal with a target price of Rs. 370.

The current downturn marks the company's longest losing streak since April-May 2022, when its shares declined for nine co...