Citi Raises Target Price For Eternal & Swiggy, Zomato Parent Touches 52-Week High

Eternal touched a fresh 52-week high at INR 347.50 during the intraday trading after Citi raised the TP for the stock to INR 395 from INR 320 earlier

As per Citi, Eternal’s quick commerce business Blinkit’s growth momentum remains stellar and focus on user acquisition is visible in the rise in app-traffic

Citi increased the TP for Swiggy to INR 495 from INR 465 earlier, translating into a 17% upside compared to yesterday’s close of INR 421

Shares of Eternal and