Eternal Share Price Falls Over 5% on Heavy Volumes, Marks Biggest Intraday Crash in Five Months

Market Performance

Eternal shares came under sharp selling pressure on December 16, emerging among the top losers today in the Indian stock market. The stock declined 5.3% intraday to ₹282.65, recording its biggest single-day intraday fall in nearly five months.

The sell-off erased gains from the previous three sessions. Despite broader weakness in the market, the fall in Eternal stood out due to unusually high trading volumes, signaling strong distribution during the session.

By mid-afternoon, 43.9 million shares had changed hands across NSE and BSE—nearly double the stock’s average daily volume, highlighting intense activity in Eternal shares.

Main News: Heavy Volumes Trigger Sharp Sell-Off in Eternal Shares

Eternal, the parent company of Zomato and Blinkit, opened the session lower at ₹298.20. Selling pressure intensified as the session progressed, pushing the stock down to ₹282.65.

This decline marked:

• The worst intraday crash since July
• A clear break in the stock’s three-day winning streak
• A continuation of pressure seen since its recent peak

So far in December, Eternal shares are down 4%, while on a year-to-date basis, the stock remains marginally higher by 3.43%.

The sharp fall coincided with continued high-volume trades, reinforcing concerns around near-term volatility in the stock.

Eternal Block Deals Add to Trading Intensity

Last week, Eternal witnessed a large block deal, where 5.3 crore shares, representing 0.54% of total equity, changed hands. This transaction followed multiple large deals seen throughout the year.

Earlier block transactions include:

• Mid-November: Nearly 90 lakh shares traded, valued at ₹279.25 crore
• June: 60.93 lakh shares exchanged at an average price of ₹256, totaling ₹156 crore

The steady flow of block deals has kept Eternal's high volumes in focus, contributing to sharp intraday price swings and heightened market participation.

Eternal Share Price History: Pressure After October Peak

Eternal’s share price has remained under pressure since touching its all-time high of ₹368 in October. The decline extended over subsequent weeks, with selling accelerating after policy-related developments.

Concerns emerged following the rollout of new labour codes, which increased compliance requirements for platform aggregators. These rules mandate contributions of 1–2% of annual turnover, capped at 5% of payouts to gig workers, towards social security benefits.

Since the October peak:

• The stock has corrected steadily
• Volatility has increased alongside rising volumes
• Price action has remained sensitive to regulatory developments

Company Details: Eternal and Its Business Structure

Eternal Ltd operates as the parent entity for:

• Zomato, India’s leading food delivery platform
• Blinkit, its quick-commerce business

The company has seen rapid scale-up in recent years, which has kept it in constant focus among market participants. However, rising regulatory scrutiny and frequent large trades have added to short-term volatility in Eternal's share price movements.

Summary

Eternal shares declined over 5% on December 16, marking the largest intraday fall in five months, driven by heavy selling and elevated volumes. The stock slipped to ₹282.65, extending pressure seen since its October high of ₹368.

High trading activity, recurring block deals, and regulatory concerns have kept Eternal shares volatile in recent sessions. Despite being marginally positive on a year-to-date basis, the stock’s recent price action places it firmly among the top losers today, reflecting cautious sentiment in the broader Indian stock market.