Eternal Shares Extend Eight Day Losing Streak After ₹2,403 Crore Block Deal

Shares of Eternal Ltd., the parent company of Zomato and Blinkit, continued their decline for the eighth consecutive session on Thursday, February 26, reversing early gains after a large block trade in the stock.

₹2,403 Crore Block Trade Weighs on Sentiment​

A total of 9.7 crore shares of Eternal, representing 1 percent of its outstanding equity, changed hands in a block transaction. The shares were traded at an average price of ₹247.75 apiece, taking the total deal value to approximately ₹2,403 crore.

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

The stock’s prolonged decline marks its longest losing streak since April 27 to May 10, 2022, when it had fallen for nine consecutive sessions.

Brokerage Maintains Outperform Rating​

In a note released on Wednesday, brokerage firm Bernstein reiterated its positive stance on the Indian quick commerce segment, citing strong underlying fundamentals. The firm described the space as an anti AI investment opportunity but cautioned that investors may need resilience to navigate narrative driven volatility in the coming quarters.

Bernstein maintained its outperform rating on Eternal and retained a price target of ₹370.33 per share.

Analyst Coverage and Current Price Movement​

Among analysts tracking the stock, 30 have assigned a buy rating, while the remaining have recommended sell.

During Thursday’s session, Eternal shares fluctuated between gains and losses and were trading 0.2 percent lower at ₹249.6. Following the eight session decline, the stock has dropped 13 percent and is now at its lowest level since June 2025.

The ongoing weakness highlights heightened activity around the counter, particularly in the wake of the sizeable block transaction.