Eternal tumbles 6% as sell-off deepens; stock among biggest Sensex drags

Eternal shares plunged 6% on Tuesday to hit the day’s low of Rs 251.80 on the NSE amid a bloodbath on Dalal Street. The food delivery and quick commerce company, which operates Zomato and Blinkit platforms, was among the worst BSE Sensex losers and among the 10 biggest index draggers.

Investors were on a severe selling spree as nearly 6.5 crore shares changed hands on the NSE around 3 pm.

Eternal shares are down 10% in 2026, underperforming the Sensex, which has slipped over 3% on a year-to-date basis.

Its shares are currently trading below their 50-day and 200-day simple moving averages (SMAs) of Rs 282 and Rs 291, respectively.

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The recent sell-off has diminished its one-year gains to just 10%, compared with Nifty’s 11% gains, while remaining marginally above the Sensex’s uptick of 9% in the same period.

The share price has fallen despite strong Q3 earnings, where the company reported a consolidated net profit jump of 73% year-on-year to Rs 102 crore versus Rs 59 crore in Q3FY25. The bottom line surged 57% on a sequential basis. The company’s revenue from operations surged 202% YoY to Rs 16,315 crore in Q3FY26 versus Rs 5,405 crore in Q3FY25. It was up 20% quarter-on-quarter.

The NOV growth remained robust at 121% YoY and 14% QoQ in the Blinkit business despite GST changes and seasonality. The like-for-like NOV growth stood at 130% YoY.

The company added 211 net new stores in the quarter, taking the total store count to 2,027 stores at the end of the quarter, though it was about 70 stores short of the guidance of 2,100 stores.

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