Eternal (Formerly Zomato) Rises 2% After Morgan Stanley Reaffirms Bullish Outlook

Shares of Eternal (earlier Zomato) gained 2% to ₹246 on June 3 after Morgan Stanley reaffirmed it as a top pick, citing strong leadership in food delivery and quick commerce, an efficient cost structure, and a solid balance sheet. The brokerage retained its ₹320 price target, suggesting a 33% upside, and sees a support range at ₹200–220. It also raised quick commerce growth estimates for FY26–28, as India’s QC market forecast was upped to $57 billion by 2030 from $42 billion. #stockmarket #investing #trading #stocks #investment #finance #money #nifty #forex #sharemarket #investor