Eternal shares rebound over 70% from March lows, emerge as top Nifty 50 recovery stock; what drove the rally?

What happened: Eternal shares rebounded from a March low, ending higher each month since April, as the company expects Blinkit growth to accelerate from the December quarter on a more stable competitive environment. Key numbers: March low ₹212.60; closed at ₹363 on Monday, a 71% recovery. Why it matters: Brokerages remain optimistic, citing the food delivery platform and Blinkit's expanding network. Kotak Neo expects a 63% revenue CAGR over FY26 to FY29 with EBITDA margins expanding from 2.2% to 4.6%.

Eternal shares rebounded from a March low, ending higher each month since April, as the company expects Blinkit growth to accelerate from the December quarter on a more stable competitive environment.

Brokerages remain optimistic, citing the food delivery platform and Blinkit's expanding network. Kotak Neo expects a 63% revenue CAGR over FY26 to FY29 with EBITDA margins expanding from 2.2% to 4.6%.