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Economic Times
24-07-2025
- Business
- Economic Times
Eternal shares zoom 20% this week as Street rejoices Q1 results. What should investors do now?
Shares of Eternal, formerly Zomato, have surged 19.7% so far this week, hitting a high of Rs 307.95 on the BSE on Thursday. The rally follows the company's Q1FY26 earnings report, which, despite a steep decline in profitability, impressed the Street with strong topline performance and robust growth across its core verticals. ADVERTISEMENT The stock touched a fresh record high of Rs 311.60 earlier this week after it reported a 70% YoY surge in revenue from operations to Rs 7,167 crore for Q1FY26. This growth was led by solid performance in the quick commerce and food delivery segments. However, net profit dropped sharply by 90% YoY to Rs 25 crore, down from Rs 253 crore in the same quarter last year, largely due to continued investments in quick commerce and the going-out vertical. Akshant Goyal, CFO of Zomato, attributed the drop in profitability to 'continued investments in quick commerce and the going-out vertical.'The company's consolidated adjusted EBITDA declined 42% YoY to Rs 172 crore. Still, food delivery EBITDA margin improved to 5.0% from 3.9% a year ago. Additionally, net order value (NOV) of its B2C businesses grew 55% YoY and 16% QoQ to Rs 20,183 crore, with quick commerce surpassing food delivery NOV for the first time in a full quarter. ADVERTISEMENT After the sharp run-up, technical analysts have differing views on the next course of to Kunal V Parar, VP of Technical Research and Algo at Choice Broking, 'The stock has delivered an impressive return in recent sessions and continues to exhibit strong upward momentum, suggesting potential for further gains from current levels.' He observed that although the stock recently touched a new all-time high, it 'struggled to sustain above its previous resistance at Rs 305.' ADVERTISEMENT A decisive close above this level could, in his view, trigger the next leg of the rallyFrom a technical standpoint, Parar noted that the stock is currently trading above both its 50-day and 100-day moving averages, with a positive crossover that signals sustained bullish sentiment. Additionally, the daily Relative Strength Index (RSI) has moved above 70 for the first time in a while, indicating renewed market participation. ADVERTISEMENT He expects the stock to move towards the Rs 324–Rs 360 range in the near term, but advised investors to maintain a strict stop loss at Rs 275 to manage the other hand, Jigar S Patel, Senior Manager - Technical Research Analyst at Anand Rathi Shares and Stock Brokers, advised caution at current his words, 'At the current juncture, investors are advised to book profits in the Rs 300–Rs 305 range, as the stock approaches its previous high from December 2024.' ADVERTISEMENT Also read:IEX shares hit 10% lower circuit after CERC nod for market coupling ahead of Q1 resultsPatel added that investors should adopt a 'wait-and-watch approach' until a decisive weekly close above Rs 305 is observed before considering any fresh Thursday, the shares of Eternal were trading 2% higher at Rs 308 on the BSE around 10 am. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
24-07-2025
- Business
- Time of India
Eternal shares zoom 20% this week as Street rejoices Q1 results. What should investors do now?
Live Events What should investors do now? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Eternal , formerly Zomato , have surged 19.7% so far this week, hitting a high of Rs 307.95 on the BSE on Thursday. The rally follows the company's Q1FY26 earnings report, which, despite a steep decline in profitability, impressed the Street with strong topline performance and robust growth across its core stock touched a fresh record high of Rs 311.60 earlier this week after it reported a 70% YoY surge in revenue from operations to Rs 7,167 crore for Q1FY26. This growth was led by solid performance in the quick commerce and food delivery net profit dropped sharply by 90% YoY to Rs 25 crore, down from Rs 253 crore in the same quarter last year, largely due to continued investments in quick commerce and the going-out Goyal, CFO of Zomato , attributed the drop in profitability to 'continued investments in quick commerce and the going-out vertical.'The company's consolidated adjusted EBITDA declined 42% YoY to Rs 172 crore. Still, food delivery EBITDA margin improved to 5.0% from 3.9% a year ago. Additionally, net order value (NOV) of its B2C businesses grew 55% YoY and 16% QoQ to Rs 20,183 crore, with quick commerce surpassing food delivery NOV for the first time in a full the sharp run-up, technical analysts have differing views on the next course of to Kunal V Parar, VP of Technical Research and Algo at Choice Broking, 'The stock has delivered an impressive return in recent sessions and continues to exhibit strong upward momentum, suggesting potential for further gains from current levels.' He observed that although the stock recently touched a new all-time high, it 'struggled to sustain above its previous resistance at Rs 305.'A decisive close above this level could, in his view, trigger the next leg of the rallyFrom a technical standpoint, Parar noted that the stock is currently trading above both its 50-day and 100-day moving averages, with a positive crossover that signals sustained bullish sentiment. Additionally, the daily Relative Strength Index (RSI) has moved above 70 for the first time in a while, indicating renewed market expects the stock to move towards the Rs 324–Rs 360 range in the near term, but advised investors to maintain a strict stop loss at Rs 275 to manage the other hand, Jigar S Patel, Senior Manager - Technical Research Analyst at Anand Rathi Shares and Stock Brokers, advised caution at current his words, 'At the current juncture, investors are advised to book profits in the Rs 300–Rs 305 range, as the stock approaches its previous high from December 2024.'Patel added that investors should adopt a 'wait-and-watch approach' until a decisive weekly close above Rs 305 is observed before considering any fresh Thursday, the shares of Eternal were trading 2% higher at Rs 308 on the BSE around 10 am.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
23-07-2025
- Business
- Economic Times
Can Swiggy ride the sentiment wave after Eternal's blowout quarter?
Swiggy shares saw renewed interest after Eternal, the parent of Zomato and Blinkit, posted strong operational metrics in Q1FY26, despite a sharp drop in profit. With investors bullish on the quick commerce theme, attention is now turning to Swiggy ahead of its results. ADVERTISEMENT Eternal's Q1 report showed a 70% year-on-year jump in revenue, driven by strong performances in Blinkit and food delivery. Notably, quick commerce Net Order Value (NOV) surpassed food delivery for the first time in a full quarter, reflecting a significant shift in consumer growth sparked optimism among investors, with brokerages like Jefferies upgrading Eternal to a Buy, calling Blinkit's momentum 'underestimated.' The upbeat sentiment quickly spilled over to Swiggy, which also operates in the high-growth quick commerce space. Swiggy stock, currently trading at Rs 417, has gained 21% over the last three months. However, it remains 32% below its 52-week high of Rs 617 and is down 23% year-to-date. Analysts believe this recent upward momentum could continue if technical indicators hold. According to Kunal V Parar, VP – Technical Research & Algo at Choice Broking, the stock has formed a Cup and Handle pattern and is trading above both its 50-day and 100-day moving averages.'A bullish crossover and RSI above 70 indicate strong momentum. A breakout above the neckline could push the stock towards Rs 453 and potentially Rs 525,' said Parar. ADVERTISEMENT Drumil Vithlani, Technical Analyst at Bonanza, added that Swiggy has been forming higher highs and higher lows since June, suggesting a continued positive undertone.'As long as the stock holds above Rs 400, we expect a gradual move towards Rs 440 in the near term,' Vithlani noted. ADVERTISEMENT Swiggy is yet to announce its Q1FY26 results, but given Eternal's strong revenue growth and sector-wide momentum, investors may position early in anticipation of similar Swiggy's numbers confirm rising traction in food delivery and quick commerce, analysts believe the stock could reclaim higher levels last seen earlier this year.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
23-07-2025
- Business
- Time of India
Can Swiggy ride the sentiment wave after Eternal's blowout quarter?
Swiggy shares saw renewed interest after Eternal , the parent of Zomato and Blinkit, posted strong operational metrics in Q1FY26, despite a sharp drop in profit. With investors bullish on the quick commerce theme, attention is now turning to Swiggy ahead of its results. Sector sentiment lifts Swiggy Eternal's Q1 report showed a 70% year-on-year jump in revenue, driven by strong performances in Blinkit and food delivery. Notably, quick commerce Net Order Value (NOV) surpassed food delivery for the first time in a full quarter, reflecting a significant shift in consumer demand. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management Design Thinking Public Policy MCA Management MBA Others Healthcare Data Analytics Artificial Intelligence Operations Management Technology Degree Data Science Cybersecurity Data Science others Product Management Finance healthcare PGDM Leadership CXO Digital Marketing Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details This growth sparked optimism among investors, with brokerages like Jefferies upgrading Eternal to a Buy, calling Blinkit's momentum 'underestimated.' The upbeat sentiment quickly spilled over to Swiggy, which also operates in the high-growth quick commerce space. Swiggy up 21% in 3 months, but still below peak Swiggy stock, currently trading at Rs 417, has gained 21% over the last three months. However, it remains 32% below its 52-week high of Rs 617 and is down 23% year-to-date. Analysts believe this recent upward momentum could continue if technical indicators hold. Technical setup supports a bullish outlook According to Kunal V Parar, VP – Technical Research & Algo at Choice Broking, the stock has formed a Cup and Handle pattern and is trading above both its 50-day and 100-day moving averages. 'A bullish crossover and RSI above 70 indicate strong momentum. A breakout above the neckline could push the stock towards Rs 453 and potentially Rs 525,' said Parar. Drumil Vithlani, Technical Analyst at Bonanza, added that Swiggy has been forming higher highs and higher lows since June, suggesting a continued positive undertone. 'As long as the stock holds above Rs 400, we expect a gradual move towards Rs 440 in the near term,' Vithlani noted. Q1 results could be the next catalyst Swiggy is yet to announce its Q1FY26 results, but given Eternal's strong revenue growth and sector-wide momentum, investors may position early in anticipation of similar trends. If Swiggy's numbers confirm rising traction in food delivery and quick commerce, analysts believe the stock could reclaim higher levels last seen earlier this year.
Time of India
23-07-2025
- Business
- Time of India
Aditya Birla Real Estate shares down 32% from peak. Can the stock reclaim Rs 2,400 post Q1 results?
Shares of Aditya Birla Real Estate ( ABREL ), down 32% from their October 2024 peak, head into a closely watched earnings announcement on Wednesday that could set the tone for the stock's next move. With technical signals mixed and management preparing to unveil both June-quarter results and a funding plan tied to its ongoing business transformation, investors are eyeing whether the stock can regain momentum and move back toward the Rs 2,400 mark. In a regulatory filing, ABREL announced that its Board will meet on July 23, 2025 to consider the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. The agenda also includes a proposal to raise funds via term loans or debt securities to refinance borrowings taken for the capex of its Century Pulp and Paper (CPP) division. Explore courses from Top Institutes in Please select course: Select a Course Category Design Thinking Data Science others Project Management MCA Finance Data Science healthcare Management Product Management Technology PGDM Others Data Analytics Healthcare Artificial Intelligence CXO Operations Management Degree Public Policy Cybersecurity MBA Leadership Digital Marketing Skills you'll gain: Duration: 22 Weeks IIM Indore CERT-IIMI DTAI Async India Starts on undefined Get Details Skills you'll gain: Duration: 25 Weeks IIM Kozhikode CERT-IIMK PCP DTIM Async India Starts on undefined Get Details As per the filing, this refinancing move comes 'in view of the proposed sale of CPP division of the Company to ITC Limited.' The Rs 3,498 crore divestment, approved in March this year, is seen as a pivotal move to unlock capital and streamline focus on the real estate business. Technical indicators at a crossroads Kunal V Parar, Vice President of Technical Research and Algo at Choice Broking, flagged a potential bullish reversal. 'On the daily chart, the stock has formed a Bullish Harami candlestick pattern — a classic bullish reversal signal — indicating the potential for an upward move.' 'The stock is currently trading above its 100-Day Moving Average, reinforcing the prevailing positive short-to-medium-term trend. On the weekly timeframe as well, it remains above the 100-Week Moving Average, highlighting continued strength in the long-term trend,' said Parar. Parar also highlighted a key momentum shift: 'The daily RSI is hovering near the 35 level and has recently taken support around the crucial 30 mark, indicating a possible shift in momentum towards the upside.' 'If the stock sustains above the Rs 2,181 level, we anticipate a move towards the Rs 2,245–2,345 zone in the near term. Traders are advised to maintain a strict stop loss at Rs 2,100 to manage risk effectively,' he said. In contrast, Kunal Kamble, Senior Technical Research Analyst at Bonanza, struck a cautious tone. 'The stock is forming a Lower High–Lower Low structure, indicating that bears are currently in control. Price action has slipped below key SMAs, which confirms a shift in trend to the downside.' Kamble sees immediate support at Rs 2,066 and resistance at Rs 2,300, with a higher hurdle at Rs 2,450. 'It is advisable to wait at the current level before initiating any fresh positions. The technical setup remains weak, and no immediate rebound is expected in the near term,' he said. 'The stock is likely to remain range-bound in the near term, with no significant momentum expected. It is anticipated to trade between Rs 1,800 and Rs 2,440 until a decisive breakout occurs on either side.' Q4 loss weighs, but long-term growth bets build ABREL reported a consolidated net loss of Rs 126.99 crore for the March quarter, compared to a net profit of Rs 143.67 crore a year earlier. Revenue fell sharply by 51.5%, dragging the full-year loss to Rs 148.74 crore. Khushi Mistry, Research Analyst at Bonanza, said, 'The company posted a consolidated net loss of approximately Rs 127 crore for Q4 FY25, primarily due to a sharp 51.5% revenue decline and operational pressures, resulting in a full-year net loss of roughly Rs 148.7 crore. The market reacted swiftly and negatively, with the stock coming under pressure after results.' However, Mistry sees the paper division divestment as a turning point. 'ABREL has executed the sale of its pulp and paper business, a move expected to be completed by Q2 FY26. This is strategic — management aims to redeploy capital toward its real estate business, focus on core operations, and strengthen the balance sheet.' 'While weak near-term earnings have dragged sentiment, the divestment and strong project pipeline do provide a counterweight. If execution continues, these factors could drive a turnaround in earnings and sentiment as early as late FY26,' Mistry said. Still, risks remain. 'ABREL's FY25 loss is notable — the swing from profit to a Rs 148.7 crore net loss is a concern for value-focused investors. The decline in operating profit margins (with OPM dropping to just 1% in Mar 2025) and low ROE highlight ongoing efficiency challenges,' she said. 'In the very short term, valuation pressure could persist if execution stumbles or sentiment in the broader real estate sector weakens.' Brokerage bullish on project pipeline, long-term rerating Brokerage Emkay Global initiated coverage on ABREL in June with a 'buy' rating and a price target of Rs 3,300. It cited strong booking momentum, robust financials, and a launch pipeline exceeding Rs 45,000 crore. Emkay expects pre-sales to grow at a 25% CAGR through FY27, reaching Rs 12,600 crore, with collections rising 32% to Rs 4,700 crore. The brokerage sees the pulp and paper divestment as a key liquidity booster, projecting a decline in net debt to Rs 2,000 crore by FY27 even with ongoing project additions. Stock performance and near-term watchpoints ABREL shares are down 15.6% year-to-date and 12% over the past month, underperforming broader market indices. The stock is currently 30% above its February low of Rs 1,638 but still far below its 52-week high of Rs 3,141.95 hit in October 2024. With the RSI at 36.8 and MACD still in bearish territory at -42.1, near-term momentum remains muted. The next directional trigger will likely emerge from Wednesday's board meeting, with investors watching closely for earnings recovery signals and clarity on the company's post-divestment capital strategy. Whether that's enough to reclaim Rs 2,400 remains to be seen. Also read | IREDA shares down 28% in 2025. Can the stock rebound past Rs 185 or is it time to sell?
