Eternal’s shares soared over 10% despite a profit dip, fueled by positive management outlook and Blinkit’s strong performance, surpassing market expectations. Brokerages raised target prices, citing Blinkit’s market share gains over Zepto and improved profitability. The company’s focus on dark store expansion is now yielding positive results, making it a preferred pick for investors.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is