Eternal share price jumps nearly 6%; Zomato parent among top Sensex gainers; check why the stock is rallying today
NEW DELHI: Shares of Eternal Ltd, the parent company of food delivery platform Zomato, surged nearly 6% on Thursday, extending its two-day rally to over 8%. The upward momentum followed Morgan Stanley reaffirming the company as its top sector pick. The brokerage firm kept its target price at Rs 320, suggesting a possible 33% upside from current levels. It also set a lower range of Rs 200-220, calling the stock a “compelling risk-reward profile” for long-term investors.At 12:30 PM, Eternal was trading at Rs 258.93, a 5.39% gain from its previous close of Rs 245.68. By 11:40 AM, it was trading at Rs 259.10 on BSE, up Rs 13.60 or 5.54%, while on NSE, it stood at Rs 259.49, rising Rs 13.81 or 5.62%.The shares opened at Rs 247.30 on the…
