Eternal shares soar 9% as Jefferies adds stock to India model portfolio, labels it ‘FPI favourite’. Here’s why

February 3, 2026

Eternal shares surged9% after global brokerage Jefferies added it to its India model portfolio, citing strong growth and improving margins. Jefferies highlighted Eternal’s quick commerce success and set a street-high target price, anticipating significant upside. The company’s Q3 results showed robust profit and revenue growth, with food delivery demand recovering.

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