Market Performance: Early Rally Fades, Volatility Takes Over
The Eternal share price saw a sharp swing during stock market today trading on January 22, keeping investors on edge throughout the session.
The stock started the day on a strong note. Buying interest pushed Eternal up nearly 8%, taking it to an intraday high of ₹305. This was the highest level the stock had touched since December 1 last year.
But the optimism didn’t last.
As the day progressed, selling pressure increased. Eternal erased all its morning gains and slipped more than 9% from the day’s high, eventually trading around ₹276.05 in the afternoon.
The sharp reversal highlighted how sensitive the stock remains to big corporate updates and changing market sentiment—something investors closely track in the stock market today.
Main News: Q3 Results Meet Leadership Transition
The sudden shift in Eternal’s share price movement came on a day packed with important developments.
Alongside its December-quarter earnings, the company also announced a major leadership change.
Eternal, which owns Zomato and Blinkit, reported strong numbers for the October–December quarter of FY26, even as it revealed a transition at the top.
Founder and Group CEO Deepinder Goyal stepped down from his executive role. He will move into the position of Vice Chairman and Director on the Board.
At the same time, Blinkit CEO Albinder Dhindsa will take over as the new Group CEO.
This combination of financial results and management reshuffle became the key trigger behind the volatile action in the Eternal share price during stock market today.
Company Details: Inside Eternal’s Q3 FY26 Numbers
Despite the intraday fall in the stock, Eternal’s financial performance showed clear growth on multiple fronts during the quarter.
Here’s a clean snapshot of the Q3 FY26 data:
- Net Profit:
- ₹102 crore
- Up 73% year-on-year
- Compared with ₹59 crore in Q3 FY25
- Revenue from Operations:
- ₹16,315 crore
- Jumped 202% from ₹5,405 crore in the same quarter last year
- Total Expenses:
- ₹16,493 crore
- Increased 198% year-on-year
- Reflects expansion across businesses
The Gurugram-based company delivered triple-digit growth in revenue, supported by its food delivery and quick commerce arms—Zomato and Blinkit.
However, rising expenses remained a parallel theme, keeping investors alert while assessing the Eternal share price performance in the stock market today.
What the Market Focused On?
Even with strong headline numbers, the market reaction showed that earnings were not the only story.
Two factors dominated sentiment:
- Management Transition:
A founder-led company witnessing a top-level change naturally draws attention. Markets tend to pause and reassess during such phases. - Rapid Scale and Costs:
Revenue growth came alongside a sharp rise in expenses, reminding investors that scale often brings short-term pressure.
These elements combined to create a tug-of-war between optimism and caution, ultimately pulling the stock lower after the early rally.
Summary: A Strong Quarter Meets Market Nerves
To sum it up, Eternal share price action during stock market today was a tale of two halves.
The company delivered:
- Strong profit growth
- A massive jump in revenue
- Continued scale across its core businesses
At the same time, the announcement of a leadership transition and the visible rise in costs kept sentiment mixed.
The result was a sharp intraday reversal—an early surge followed by a steep fall from the day’s high.
For investors tracking Eternal, this session served as a reminder that in the stock market today, numbers matter—but timing, leadership changes, and sentiment matter just as much.
Source: Moneycontrol
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