Latest news with #EternalLtd
Time of India
05-06-2025
- Business
- Time of India
Eternal share price jumps nearly 6%; Zomato parent among top Sensex gainers; check why the stock is rallying today
NEW DELHI: Shares of Eternal Ltd, the parent company of food delivery platform Zomato , surged nearly 6% on Thursday, extending its two-day rally to over 8%. The upward momentum followed Morgan Stanley reaffirming the company as its top sector pick. The brokerage firm kept its target price at Rs 320, suggesting a possible 33% upside from current levels. It also set a lower range of Rs 200-220, calling the stock a "compelling risk-reward profile" for long-term investors. At 12:30 PM, Eternal was trading at Rs 258.93, a 5.39% gain from its previous close of Rs 245.68. By 11:40 AM, it was trading at Rs 259.10 on BSE , up Rs 13.60 or 5.54%, while on NSE , it stood at Rs 259.49, rising Rs 13.81 or 5.62%. The shares opened at Rs 247.30 on the BSE and hit a high of Rs 260.15. On the NSE, they started at Rs 248.00 and climbed to Rs 260.22 during early trading hours. Over the past three months, Eternal has gained 14%, though it remains 7% down year-to-date. The company's market capitalisation currently stands at Rs 2.49 lakh crore. In its Q4 earnings report, Eternal posted a 77.7% year-on-year drop in consolidated net profit to Rs 39 crore, compared to Rs 175 crore in the same period last year. The company's operational revenue demonstrated substantial growth, increasing by 63.8% to reach Rs 5,833 crore, up from Rs 3,562 crore in Q4FY24. The company maintains its position on the Nifty50 index with a market capitalisation of Rs 2.49 lakh crore. The share price currently stands between its 52-week parameters, above the lowest point of Rs 146.30 but beneath the peak of Rs 304.70. BSE Sensex , rose by 197.83 points to reach 81,196.08 when trading began on Thursday. Similarly, the NSE Nifty registered an increase of 71 points, reaching 24,691.20. Among the Sensex companies, notable gainers included Eternal, Power Grid, Reliance Industries, Sun Pharm, Mahindra & Mahindra, HCL Tech, Adani Ports and NTPC. On the other hand, companies such as Bajaj Finance, Bajaj Finserv, Nestle and Hindustan Unilever experienced declines in their share values. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Standard
26-05-2025
- Business
- Business Standard
Balkrishna Industries Ltd leads losers in 'A' group
Thomas Cook (India) Ltd, Team Lease Services Ltd, Sarda Energy & Minerals Ltd and Eternal Ltd are among the other losers in the BSE's 'A' group today, 26 May 2025. Thomas Cook (India) Ltd, Team Lease Services Ltd, Sarda Energy & Minerals Ltd and Eternal Ltd are among the other losers in the BSE's 'A' group today, 26 May 2025. Balkrishna Industries Ltd tumbled 6.16% to Rs 2496 at 14:46 stock was the biggest loser in the BSE's 'A' the BSE, 1.33 lakh shares were traded on the counter so far as against the average daily volumes of 5408 shares in the past one month. Thomas Cook (India) Ltd lost 5.45% to Rs 158.75. The stock was the second biggest loser in 'A' the BSE, 78825 shares were traded on the counter so far as against the average daily volumes of 97614 shares in the past one month. Team Lease Services Ltd crashed 5.08% to Rs 1990.65. The stock was the third biggest loser in 'A' the BSE, 1226 shares were traded on the counter so far as against the average daily volumes of 4551 shares in the past one month. Sarda Energy & Minerals Ltd dropped 4.75% to Rs 447.1. The stock was the fourth biggest loser in 'A' the BSE, 1.79 lakh shares were traded on the counter so far as against the average daily volumes of 38081 shares in the past one month. Eternal Ltd slipped 4.19% to Rs 227.5. The stock was the fifth biggest loser in 'A' the BSE, 29.37 lakh shares were traded on the counter so far as against the average daily volumes of 17.96 lakh shares in the past one month.
The Print
16-05-2025
- Business
- The Print
Eternal Ltd takes on lease 84K sq ft office spaces in Andheri, Mumbai
The starting monthly rent is Rs 160 per sq ft totalling Rs 1.34 crore, said CRE Matrix, which has accessed and reviewed the registration documents. Eternal Ltd has leased office space in Andheri (east) Mumbai from Histyle Retail Pvt Ltd for five years. New Delhi, May 15 (PTI) Eternal Ltd, the parent company of Zomato, has taken on lease 84,157 sq ft of office space in Mumbai, according to data analytic firm CRE Matrix. The agreement was registered on May 9. The rentals will increase 15 per cent after three years. Demand for office space has been strong in the last two years, driven by domestic and foreign corporates, with gross office leasing reaching an all-time high in 2024 calendar year. Last month, food and grocery delivery platform Zomato officially changed its name to 'Eternal Ltd' on the stock exchanges. PTI MJH TRB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
15-05-2025
- Business
- Time of India
Eternal leases office space across seven floors in Mumbai's Andheri
Eternal Ltd , the recently renamed parent company of food delivery platform Zomato and quick-commerce service Blinkit , has picked up nearly 1 lakh sq ft of commercial office space in Mumbai 's Andheri suburb through a long-term lease of over five years. The company has entered into a licensing agreement with Runwal Realty subsidiary Histyle Retail for this office premises spanning across total seven floors of a commercial tower R Square in J B Nagar locality. The starting monthly rent for the premises is set at Rs 1.34 crore, translating to a per square foot rate of Rs 160. The agreement includes a clause to escalate rentals by 15% the first 36 months of the term. The security deposit paid by Eternal Ltd amounts to over Rs 8.07 crore. The lease terms include a lock-in period of 60 months for the licensor and 36 months for the licensee, shows the documents accessed through realty data analytics firm CRE Matrix. The registration for the agreement was completed on May 9 and the lease commenced from May 1. The agreement provides for a fit-out period of 150 days, after which the monthly rental obligations will begin. The deal represents one of the larger recent commercial leasing transactions in Mumbai's suburban office market and signals Eternal Ltd's growing operational footprint after its transition into a multi-brand entity. Eternal Ltd was formerly known as Zomato Ltd and now functions as the holding company for Zomato, Blinkit, Hyperpure, and live events platform District. ET's email query to Eternal and Runwal Realty remained unanswered until the time of going to press. While Global Capability Centers (GCCs) remain a key driver of office space demand in India, domestic demand is also strong, led by Indian corporates in sectors such as financial services, infrastructure, manufacturing, and new-age technology. As these companies expand operations, they continue to lease space in well-connected business locations. This dual engine of demand, global and domestic, has sustained leasing activity across major cities, supporting both established and emerging micro-markets.
Time of India
15-05-2025
- Business
- Time of India
Zomato's parent co leases office space across seven floors in Mumbai's Andheri
Eternal Ltd , the recently renamed parent company of food delivery platform Zomato and quick-commerce service Blinkit , has picked up nearly 1 lakh sq ft of commercial office space in Mumbai's Andheri suburb through a long-term lease of over five years. The company has entered into a licensing agreement with Runwal Realty subsidiary Histyle Retail for this office premises spanning across total seven floors of a commercial tower R Square in J B Nagar locality. The starting monthly rent for the premises is set at Rs 1.34 crore, translating to a per square foot rate of Rs 160. The agreement includes a clause to escalate rentals by 15% the first 36 months of the term. The security deposit paid by Eternal Ltd amounts to over Rs 8.07 crore. The lease terms include a lock-in period of 60 months for the licensor and 36 months for the licensee, shows the documents accessed through realty data analytics firm CRE Matrix. The registration for the agreement was completed on May 9 and the lease commenced from May 1. The agreement provides for a fit-out period of 150 days, after which the monthly rental obligations will begin. Live Events The deal represents one of the larger recent commercial leasing transactions in Mumbai's suburban office market and signals Eternal Ltd's growing operational footprint after its transition into a multi-brand entity. Eternal Ltd was formerly known as Zomato Ltd and now functions as the holding company for Zomato, Blinkit, Hyperpure, and live events platform District. ET's email query to Eternal and Runwal Realty remained unanswered until the time of going to press. While Global Capability Centers (GCCs) remain a key driver of office space demand in India, domestic demand is also strong, led by Indian corporates in sectors such as financial services, infrastructure, manufacturing, and new-age technology. As these companies expand operations, they continue to lease space in well-connected business locations. This dual engine of demand, global and domestic, has sustained leasing activity across major cities, supporting both established and emerging micro-markets. Economic Times WhatsApp channel )
