Eternal, once a star stock, faces a slump. Competition in food delivery and quick commerce intensifies. Valuations were high, and a leadership change added uncertainty. While core businesses improve, investors seek predictable earnings. The company’s strong cash position offers long-term support. Analysts suggest cautious accumulation.
MSCI rebalancing on Monday: Adani Energy, Groww set for big inflows; RIL, Jio Financial may face outflows
MSCI’s latest rebalancing is set to drive heightened trading activity in several Indian stocks on Monday, with revised weights taking effect from September 1. The