Eternal Ltd, the parent company of Zomato and Blinkit, witnessed significant market activity on Monday as 5.3 crore shares, representing 0.54% of its equity, changed hands through a major block deal. The shares were traded at ₹290.4 apiece, valuing the transaction at approximately ₹1,535 crore, according to exchange data.
Despite opening strong with a 1.7% rise to the intraday high of ₹297.35, Eternal’s stock later slipped 4% to a low of ₹285.75. So far in 2025, the stock has gained 7.32%, but it remains down nearly 5% over the past year, reflecting volatility amid large institutional movements. Over the past three months, the counter has dropped 12%, and 5.6% in the last month. The stock hit its 52-week high of ₹368.40 in October 2025 and a low of ₹189.60 in April 2025.
Heavy Institutional Trades Continue in 2025
Monday’s deal adds to a series of major block transactions this year. Recently, an institutional investor was reported to be offloading 0.5% equity at a floor price of ₹289.5. In mid-November, nearly 90 lakh shares worth ₹279.25 crore were traded across two block deals. Earlier in June, 60.93 lakh shares changed hands for ₹156 crore.
The sustained activity signals strong institutional interest, supported by Eternal’s scaling businesses and Blinkit’s rapid growth.
Mixed Financial Performance in Q2 FY26
Eternal reported a 63% YoY decline in consolidated net profit to ₹65 crore in Q2 FY26. However, revenue surged 183% to ₹13,590 crore, driven largely by Blinkit’s expanding operations and newly acquired businesses from Paytm’s entertainment vertical.
The company flagged slower growth in Zomato’s food delivery NOV due to muted consumer spending and rising competition from quick commerce.
Continued Capital Support for Blinkit
Eternal infused ₹600 crore into Blinkit this month, following previous infusions of ₹500 crore in January and ₹1,500 crore in February, reinforcing its aggressive bet on quick commerce expansion.
The latest block deal highlights investor repositioning as Eternal undergoes a transformative growth phase.
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