One stock making news today is Eternal, which was Zomato earlier and changed its name to the present one in March. The stock opened 4.5% lower at Rs.221.90 but soon jumped up into the green to Rs.239.50, and is trading in the green too.

The stock is buzzing today despite the fact that for Q4FY25 it reported a 78% (YoY) drop in net profit at Rs.39 crore though this was on a 64% rise in revenue from operations at Rs.5833 crore.

Despite the fall in net profit, the stock is up because many brokerage houses reiterated their buy stance saying that Eternal retains its market leadership spot in both Quick Commerce, which is Blinkit as well as Food delivery. Many have banked on it for the opportunity they see on its e-commerce platform, Blinkit. So, the run on the stock price we see today despite the poor show is optimism around Blinkit.

For all the optimism, Blinkit’s EBITDA losses widened to Rs.178 crore v/s loss of Rs.3 crore (YoY).

In its earnings commentary, the management said that competition is likely to intensify further in the near term and it will aggressively look to grow its market share. It went on to add that short-term profitability goals will not come in the way of its market share growth plans.