By Admin 
Eternal shares: After the first quarter result of FY 2025-26, investors broke up to buy shares of Jomato and Blinkit’s parent company Eaterial. During the early trade on Tuesday, Artnel’s stock showed a jump of 14.8 percent and it reached the all time high i.e. Rs 311.6. After this boom in the stock in Intra Day, the market cap came to three lakh crore rupees. A day before this, the stock closed 5 percent after the first quarter results of the Artnel on Monday.
Target price 400 expected
In view of the quarterly results and the race for purchasing the stocks of Eaterial in investors, the brokerage firm has advised it. Its target price has been estimated to reach 400 rupees.
Brokerage house Motilal Oswal had fixed its target price of Rs 310, but now it has been increased to Rs 330. On behalf of the brokerage firm, it has expressed confidence in it, describing the blinking as the company’s growth engine. On the other hand, Global firm Jefferies has also increased its target price from Rs 250 to Rs 400 by updating its rating on the holds by holding its rating on the hold.
What is the results of the first quarter
It is worth noting that the financial year of the Eterinal was reduced to just 25 crores during the first quarter of 2025-26, which has come down by 90.11 percent on an annual basis. During the same period last year, the company’s profit was Rs 253 crore. However, revenue is 70.3 percent more this time than last year. Last year, the revival of the Artnal was Rs 4206 crore, which increased to 7,167 crore this time.
Whereas the Revenue of Ertnel’s Quick Commerce company Blinkite has increased by 154.7 percent for the financial year 2025-26 and it has increased to Rs 2400 crore.
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