Food delivery stock to buy: Eternal shares - 36% returns in 6 months by Zomato parent | 22% more upside ahead?
New Delhi, Oct. 11 -- Shares of Eternal Limited have delivered nearly 36% return in six months. Continued strong growth in quick commerce, improving customer retention and better operating efficiency are likely to boost the outlook for the Zomato parent firm, according to experts.
Eternal share price ended marginally higher on Friday after gaining nearly 3% over the last week. As the stock has also delivered promising returns over the past six months, experts continue to remain bullish on the stock.
Improvement in Blinkit sales, strong retention and growing customer base are likely to support Eternal business. Additionally, affordability is driving growth without hurting margins of Eternal, according to Joindre Capital Services Limited,...
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