Eternal Shares Fall 4% After Q2 Profit Decline, But Brokerages Remain Bullish

Zomato and Blinkit parent Eternal’s consolidated net profit for Q2 FY26 declined to INR 65 Cr from INR 176 Cr in the year-ago quarter

Despite the YoY profit decline, brokerages like HSBC and CLSA maintained an ‘Outperform’ rating. Morgan Stanley maintained its ‘Overweight’ rating

Emkay raised the target price to INR 430 from INR 330 earlier. Nuvama also raised the TP to INR 400 from INR 320

Shares of Eternal dropped over 4% to INR 333.75 during the intraday…