Eternal Shares Rise as MSCI Full-Weight Eligibility Lifts Sentiment

Overview

• Eternal Ltd gained roughly 3–4% intraday on Tuesday, trading near Rs 294–297 as interest returned to the parent of Zomato and Blinkit.
• Fresh shareholding data indicates foreign room has crossed 25%, making the stock eligible for full MSCI weight, with a decision expected in the February review.
• Turnover spiked to more than 26 times the 30‑day average, and most analysts tracked by Bloomberg rate the stock a buy with a consensus target implying near 30% upside.
• Two GST demand orders totaling over Rs 27.56 crore for April 2020 to March 2022 were reported by the West Bengal tax authority, adding a regulatory consideration.
• Stock exchanges sought clarification on media reports about Blinkit removing its 10‑minute delivery claim, and a company response was pending.