The stock market today witnessed a notable surge in delivery tech stocks, with Eternal and Swiggy share price hitting new multi-week highs. Both companies drew investor attention, reflecting growing interest in India’s food delivery and quick commerce sector.
Market Performance Today
Trading on February 10 saw Eternal shares jump over 6%, reaching Rs 307.45, marking the stock’s highest level since November 21. Swiggy shares followed suit, climbing more than 5% to Rs 350.95, the strongest level in nearly a month.
The market activity highlighted strong buying interest in the sector, as investors reacted to the companies’ ongoing innovations and block deals in the stock exchanges.
Key Factors Behind the Upsurge
Several developments contributed to the rise in Eternal and Swiggy share price today:
Eternal’s New AI-Powered Tool
Eternal recently launched an AI-powered hotline (89200 89200) aimed at simplifying the onboarding process for delivery partners. The system integrates with WhatsApp to enable instant onboarding and background verification, significantly cutting down processing time.
- This follows last year’s introduction of Nugget, an AI-native, no-code customer support platform.
- Nugget allows businesses to scale support with seamless automation, without rigid workflows or developer teams.
Domestic Mutual Funds Increasing Stakes
A report by Economic Times highlighted that domestic mutual funds held shares worth approximately Rs 1.77 lakh crore in 12 new-age companies at the end of 2025, nearly double the Rs 95,000 crore recorded last year.
- Eternal and Swiggy emerged as major holdings among these companies.
- Eternal alone represented more than 40% of total mutual fund holdings in new-age companies.
- Mutual funds were also significant buyers in Swiggy’s Rs 10,000 crore share sale last December.
Block Deals Pushing Trading Volumes
Trading volumes were further boosted by large block deals in both companies’ stocks:
- Eternal: 1.19 crore shares changed hands across multiple block deals, with a cumulative value exceeding Rs 344 crore (previous close: Rs 288.85).
- Swiggy: Over 21.60 lakh shares traded in six large block deals, worth around Rs 72.08 crore (previous close: Rs 333.70).
Company Details
Both Eternal and Swiggy are at the forefront of India’s delivery tech industry:
- Eternal is part of the benchmark Nifty 50 index and has consistently innovated in AI-driven solutions for onboarding and customer support.
- Swiggy continues to scale its quick commerce and food delivery operations, attracting both retail investors and institutional stakeholders.
Their market movements reflect growing confidence in the delivery sector, particularly in companies embracing AI technology and expanding operational efficiency.
Summary
The surge in Eternal and Swiggy share price today underscores the market’s positive sentiment toward new-age delivery and tech companies. AI initiatives, mutual fund accumulation, and significant block deals combined to push these stocks to multi-week highs.
For investors and market watchers, the rise illustrates the increasing weight of tech-driven operational improvements and institutional participation in shaping stock movements.
Source: Moneycontrol
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