Info Edge share price jumps nearly 4% following Zomato Q1 results; co holds over 12% stake in Eternal
Eternal shares reached an all-time high, becoming the standout stock, post a strong commentary from management. According to reports, Info Edge initially invested in Eternal (formerly Zomato) in August 2010 during the seed funding round, contributing ₹ 4.7 crore for an 18.5% ownership stake. When Zomato went public in 2021, Info Edge held nearly a 19% stake and also took part in the company's IPO.
On Tuesday's session, Info Edge share price opened at an intraday low of ₹ 1,397.55 apiece on the BSE, the stock touched an intraday high of ₹ 1,465 per share.
According to Anshul Jain, Head of Research at Lakshmishree Investments, Naukri shares has been trading in a defined range of ₹ 1,347–1,520 for the past 12 weeks, with volumes gradually tapering off — a classic sign of quiet accumulation.
'What stands out is the formation of higher lows on the weekly charts, reinforcing the bullish undertone beneath the consolidation. For a meaningful upmove to unfold, the stock must close above the ₹ 1,520 resistance zone. Encouragingly, early signs of strength are visible, and a breakout above this level could trigger a sustained rally with strong follow-through potential in the sessions ahead,' said Jain.
Food delivery company Eternal, formerly known as Zomato, on Monday reported a 90% fall in its June quarter consolidated net profit at ₹ 25 crore versus ₹ 253 crore reported in the year ago period. The revenue from operations in Q1FY26 stood at ₹ 7,167 crore, which was up by 70.4% over ₹ 4,206 crore in the corresponding quarter of the previous financial year.
This decline was primarily due to ongoing investments in quick commerce and going-out, although it was somewhat balanced by an increase in the food delivery Adjusted EBITDA margin, which rose to 5.0% from 3.9% the previous year.
Akshant Goyal, the Chief Financial Officer (CFO) of Eternal, mentioned in an exchange filing that in terms of profitability, the consolidated adjusted EBITDA fell by 42% year-over-year to ₹ 172 crore in Q1 FY26.
Eternal's B2C segment achieved a net order value (NOV) of ₹ 20,183 crore in Q1FY26, marking a 55% increase year-over-year (16% quarter-over-quarter). For the first time, their quick commerce NOV surpassed food delivery NOV over the entire quarter.
Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
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