Eternal shares swing between gains and losses after ₹1,535 crore block deal

A major block deal is set to take place in Eternal on Monday, December 8, with an institutional investor expected to offload up to 0.5% equity, sources told CNBC-TV18.

The transaction size is pegged at up to ₹1,500 crore, with the floor price set at ₹289.5 per share.

Earlier, in mid-November, the stock saw two block deals involving around 90 lakh shares worth ₹279.25 crore.

In mid-June as well, about 60.93 lakh shares, or 0.06 per cent of the total outstanding equity, changed hands at an average price of ₹256 per share, implying a transaction value of ₹156 crore.

Eternal is an Indian multinational technology company and the parent of Zomato, Blinkit, District and Hyperpure.

Eternal’s consolidated net profit fell 63.07% to ₹65 crore despite an over 183% surge in revenue to ₹13,590 crore in Q2 FY26, which was led by the quick-commerce business.

Eternal shares settled at ₹291.75, down 1.35%, on Friday on the NSE. The stock has corrected over a percent in the last one year.