Eternal Shares Decline Amid Market Sell-Off Despite Strong Q3 Earnings and Jefferies Buy Rating

Eternal's shares fell about 6 amid heavy selling, making it a top drag on the Sensex despite strong Q3 earnings, including a 73% year-on-year net profit increase and robust growth in its Blinkit quick commerce segment. The stock has declined over 10% in 2026 and trades below key moving averages. However, Jefferies maintains a 'Buy' rating with a target price implying 78% upside, citing sustained food delivery growth, margin stability, and quick commerce opportunities as key drivers for medium-term recovery.