Eternal shares: CLSA sets highest target post Q2 results; Macquarie has lowest
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Eternal Ltd saw 17 brokerage ratings after its September quarter results, with CLSA setting the highest target at Rs 513 and Macquarie the lowest at Rs 225.
- ✓Most analysts gave a 'Buy' rating.
- ✓The consensus target is Rs 381, showing a 22 per cent upside from Wednesday’s closing price of Rs 312.35.
Story at a Glance
- Category
- MARKET
- Reported By
- Business Today
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Eternal Ltd, which operates Zomato, Blinkit, Hyperpure and District, has seen at least 17 brokerage ratings post its September quarter (Q2) results, all except two are 'Buy' or 'Overweight'. The highest target on the Street is by CLSA at Rs 513 apiece while the lowest target is by Macquarie at Rs 225, Bloomberg data compiled by Business Today suggested.
The 12-month consensus target on Eternal now stands at Rs 381, which implied a 22 per cent potential upside over Wednesday's closing price of Rs 312.35 apiece. JPMorgan and Morgan Stanley have 'overweight' rating on the stock with targets of Rs 420 and Rs 417, respectively. Jefferies suggested 'Buy' with a target of Rs 430, Goldman Sachs finds the stock worthy of Rs 400; UBS set the target of Rs 390 on the stock.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Business Today
Read the full, original unfiltered story directly on the publisher's portal.