Eternal Share Price Surges: Market Cap Overtakes Titan, Closes in on HAL & Bajaj Finserv

Market Performance

Eternal share price has once again taken center stage in the stock market today. The stock has delivered a sharp rally from its 52-week low and is now rewriting its place among India’s largest companies by market capitalisation.

At its current valuation, Eternal’s market cap stands at ₹3.13 lakh crore, surpassing both Tata Motors (₹2.64 lakh crore) and Titan (₹3.11 lakh crore). This puts Eternal ahead of some of the most established names in Indian markets.

What’s more, the company is inching closer to the likes of Hindustan Aeronautics (₹3.22 lakh crore) and Bajaj Finserv (₹3.33 lakh crore) — a signal of how far Eternal has come in just a few years.

Alongside these milestones, Eternal’s market cap has also moved past several other big players such as:

• Adani Ports – ₹3.02 lakh crore
• ONGC – ₹2.94 lakh crore
• Bharat Electronics – ₹2.92 lakh crore
• Adani Enterprises – ₹2.75 lakh crore
• JSW Steel – ₹2.71 lakh crore
• PowerGrid – ₹2.68 lakh crore
• Wipro – ₹2.63 lakh crore
• Bajaj Auto – ₹2.52 lakh crore
• Coal India – ₹2.43 lakh crore

With these gains, Eternal has firmly secured a place in the top 25 Nifty50 companies by market cap, just below NTPC and Bajaj Finserv.

Eternal Share Performance

The journey of Eternal has been nothing short of remarkable since its listing on July 23, 2021. The stock made its debut at ₹116 per share on the NSE, which was a 52.63% premium over its IPO issue price of ₹76.

Fast forward to today, the stock has delivered 325% returns over its issue price, turning into a true multibagger for its early investors.

Here’s a quick look at its recent performance:

• 1 month: +2%
• 3 months: +29%
• 6 months: +61%
• Year-to-date (YTD): +17%

From its 52-week low of ₹189.60 in April 2025, Eternal has soared 70.5%, touching a 52-week high of ₹334.40 earlier this September.

Company Financials – Q1 FY26 Results

Eternal, the parent company of Zomato, recently released its Q1 FY26 numbers, giving investors a closer look at its business momentum.

• Revenue from Operations: ₹7,167 crore (up 70% YoY)
• Net Profit: ₹25 crore (down 90% YoY)

While profit dipped sharply, the revenue growth reflects how fast the company’s ecosystem is scaling.

A major highlight of this quarter was Blinkit. For the first time, its net order value (NOV) exceeded the core food delivery business on a full-quarter basis. On an annualised basis, the total NOV across Eternal’s consumer-facing businesses is now close to $10 billion, with Blinkit contributing nearly half.

Blinkit’s momentum was visible in its numbers:

• Revenue: ₹2,400 crore (vs ₹942 crore YoY)
• Gross Order Value (GOV): +140% YoY
• Adjusted EBITDA Loss: ₹162 crore (vs ₹178 crore in Q4 FY25)

The company also shared expansion plans to almost double Blinkit’s dark store network from 1,544 to 3,000, aiming to strengthen its position in the quick commerce market.

Summary

Eternal’s market cap surge and stock rally mark a new chapter in India’s stock market story. From its IPO in 2021 to becoming a top 25 Nifty50 company, Eternal has consistently defied expectations.

• Market cap: ₹3.13 lakh crore, above Titan and Tata Motors
• 70.5% rise from its 52-week low
• 325% gains since IPO issue price
• Q1 FY26: Revenue growth strong, Blinkit overtakes food delivery in NOV

With steady growth in its core businesses and quick commerce arm, Eternal continues to be one of the most closely watched stocks in the market today.