Zomato Share Jumps 5% After Morgan Stanley Reaffirms Top Pick; Eternal Stock Up 13% This Week, Should You Buy?

Zomato Share Today: Shares of Eternal Ltd, the parent company of Zomato, jumped nearly 5% on Thursday after Morgan Stanley once again named it their top pick in the sector, lifting investor confidence. Zomato's stock has risen 12% in the last five trading days and 6% over the past month. However, it is still down by more than 7% since the beginning of the year.

Zomato Share Price Today: Eternal Ltd Stock Current Movement

On June 5, 2025, shares of Eternal Ltd were trading at Rs 257.80 as of 1:18 PM, marking a sharp rise of Rs 12.12 or 4.93% from the previous close. The stock opened the trading session at Rs 248.00. The Zomato stock hit a new intraday high of Rs 260.22, while the lowest price for the day stood at Rs 247.99.

Zomato in Morgan Stanley's Top Pick: Should You Buy Eternal Share?

Morgan Stanley's latest coverage emphasised Eternal's leading position in the food delivery and quick commerce space, praising its strong cost efficiency and solid financial health, which together "help mitigate the risk of further equity dilution."

The brokerage retained its price target of Rs 320, indicating a potential upside of 33% from current levels, while also setting a suggested price floor between Rs 200 and Rs 220, highlighting what it described as a "compelling risk-reward profile" for long-term investors.

Eternal Ltd Shares Performance

Eternal Ltd has given strong returns to its investors over the years. In the past three years, the stock has gone up by 260.26%, and in the last two years, it has increased by 264.41%. Even in the past one year, it has gained 41.36%, showing continued investor trust. More recently, the stock rose 14.53% in the last three months and 8.23% in the past month.

In just the past week, Eternal Ltd's stock jumped 13.78%, adding to its recent momentum. However, looking back over the last six months, the stock is down 13.27%, highlighting some short-term fluctuations despite its strong long-term growth.

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The trading activity was robust, with a volume of 768.78 lakh shares and a total turnover of Rs 1,969.31 crore. While the buy quantity stood at 36.04 lakh shares, the sell quantity was slightly higher at 40.12 lakh, hinting at some supply pressure despite firm price levels.

The Volume Weighted Average Price (VWAP) was Rs 256.16, and the impact cost remained minimal at 0.03, indicating the stock was trading with high liquidity and allowing for efficient execution of trades.

Eternal Limited, with a market capitalization of Rs 2.49 lakh crore, is an active constituent of the Nifty50 index. The stock continues to trade well above its 52-week low of Rs 146.30 but has yet to reclaim its 52-week high of Rs 304.70.

Despite the current upward momentum, Eternal's adjusted price-to-earnings (P/E) ratio remains high at 449.89. With a margin rate of 21.11%, this elevated valuation suggests that investors might approach higher price levels with caution.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.