WHY DID ETERNAL SHARE PRICE INCREASE BY 15% IN LAST TWO DAYS INSPITE OF POOR PERFORMANCE IN Q1FY26 ?

On Monday July 21,

(earlier Zomato) declared it's quarterly numbers ending Jun25. Despite a massive 90% year-on-year decline in net profit and a sharp drop in the company's operating performance, the company's shares staged a smart 15% surge in trade on 21 & 22 July. So what was the reason behind such increase in share price ? In fact, this quarter marked the first quarter wherein it's quick commerce business (Blinkit) exceeded the food delivery business (Zomato). The company has highlighting the fast pace of growth for Blinkit due to which investors cheered the earnings show of its quick commerce business. Moreover, the company informed that Blinkit added 243 new stores this quarter taking the store count to 1544 by the end of Q1, and it is on track to reach to 2000 stores by Dec25. Blinkit also added 0.4 million sq ft of warehousing space. Eternal's share price has been trading around the 250-260 zone for the past one month, consolidating after its earlier breakout at 240. The latest results have sparked fresh positive traction, reinforcing the bullish structure. The stock price has touched it's all time high of 311.25 on 22 July and is expected to continue it's upward momentum.