Eternal
Zomato parent stock on fire! Eternal surges 4% as MSCI door flings open
Mumbai/IBNS: Shares of Eternal Ltd., the parent company of Zomato and Blinkit, surged 4 per cent on Tuesday after the company released its latest shareholding pattern on Monday evening, media reports said.
The rally marked the fifth consecutive session of gains for the stock.
According to a CNBC-TV18 report, the updated shareholding pattern indicates a rise in foreign headroom for Eternal’s shares.
Foreign headroom has now crossed the 25 per cent mark, making the stock eligible for full inclusion in the MSCI indices.
As per reports, Eternal’s shares had recently seen a correction from record highs amid concerns over the profitability of its various business verticals.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
