Long-Term Trade Idea – Eternal

Fundamental Outlook

(formerly Zomato) is a leading consumer tech platform in India, operating across food delivery, quick commerce (Blinkit), B2B supplies (Hyperpure), and dining/ticketing. The company is seeing strong revenue growth, with total income rising sharply (up ~194% YoY in a recent quarter), driven by scale-up in quick commerce and core delivery business. However, profitability is still volatile as the company is heavily investing in expansion, especially in Blinkit, which impacts margins in the short term. Eternal operates in a high-growth but competitive space, benefiting from India’s increasing online consumption, but faces pressure from players like Swiggy and Zepto. Technical Outlook From a multi-timeframe view, is showing a recovery phase, not a confirmed uptrend yet. - On the daily chart, price has bounced strongly from ₹220–₹230 support, indicating short-term buying, but still needs to break previous highs for confirmation. - On the weekly chart, the stock is moving within a rising channel and is currently in a pullback recovery. A sustained move above ₹270–₹280 is key for strength. - On the monthly chart, the long-term trend remains intact, and the stock is stabilizing after correction, suggesting early accumulation. Overall, momentum is improving, but a clear breakout is still pending, so it’s a recovery setup rather than a strong bullish trend. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.