Eternal shares retreated in Thursday's session, erasing early gains to trade lower despite the company reporting a robust first-quarter performance for fiscal 2027.
The stock opened at ₹289.85, up from Wednesday's close of ₹294.40, but quickly faced selling pressure, dipping to an intraday low of ₹283.20.
40% drop on the National Stock Exchange, reflecting a 'sell-the-news' dynamic among traders.
The decline marks a 0.40% drop on the National Stock Exchange, reflecting a 'sell-the-news' dynamic among traders.
The market reaction comes after Eternal, the parent company of food delivery platform Zomato, announced a 268% year-on-year increase in consolidated net profit for the April-June quarter.
The company reported earnings of ₹92 crore for the period, a significant improvement that had led to optimistic expectations ahead of the open.
However, the immediate price action suggests that investors are prioritizing near-term valuation concerns over the strong fundamental turnaround.