Eternal Shares Rally on Goldman Sachs Endorsement

Market Performance

• On Friday, Eternal shares rose more than 3% in intraday trade.
• On the National Stock Exchange (NSE), the stock climbed 3.3% to an intraday high of ₹292.90 per share.
• This marked the third consecutive session of gains for the company’s stock.

Brokerage View

• The rally was driven by Goldman Sachs reiterating its “buy” rating on Eternal.
• The brokerage firm emphasized its positive stance, stating it disagreed with the extent of bearishness currently priced into the online food‑delivery company’s shares.

Outlook

The endorsement from a leading global brokerage has boosted investor sentiment, helping Eternal extend its winning streak. The stock’s momentum reflects renewed confidence in the company’s fundamentals despite broader market skepticism.