Eternal Limited share price closes at ₹363.45 near yearly high

Eternal Limited closed at ₹363.45 on the NSE on November 9, down 0.26% for the day, after trading between ₹359.10 and ₹365.70 and staying close to its ₹366 52-week high. The close followed recent brokerage target-price increases after the company's reported Q2FY27 earnings.

What did Eternal trade at on November 9?

Eternal closed at ₹363.45 on the NSE, down ₹0.95 or 0.26% from its previous close of ₹364.40. It opened at ₹365.50, moved to an intraday high of ₹365.70 and fell to a low of ₹359.10 before the close.

The BSE closing price was ₹363, down ₹1.85 or 0.50%, with a day range of ₹359.10 to ₹365.75. The difference between the day high and the NSE close was ₹2.25, showing that the stock gave up its early strength before the session ended.

How close is Eternal to its 52-week high?

Eternal's NSE close of ₹363.45 was ₹2.55 below its stated 52-week high of ₹366. The stock reached ₹365.70 during the November 9 session, placing its intraday high just ₹0.30 below that benchmark.

The reported 52-week low was ₹212.60 on the NSE. That range puts the November 9 closing price well above the low, while also showing that the stock was trading near the upper end of its stated one-year range. On the BSE, the reported 52-week high was ₹367, and the share had touched that level in the prior session's data.

Why have brokerage targets moved higher for Eternal?

Jefferies raised its target price for Eternal to ₹430 from ₹415 after Q2FY27 earnings while retaining a Buy rating. The brokerage cited faster Blinkit store expansion, improving unit economics, food delivery growth of more than 20%, and increasing confidence in District.

Goldman Sachs also retained a Buy rating and raised its target price by 11% to ₹385. Its view was linked to Blinkit's growth, expected steady-state margin expansion and stabilising competitive intensity in quick commerce. Goldman Sachs said it foresees Eternal reaching $1 billion in EBITDA by FY29, which is the brokerage's forecast rather than a company-reported result.

What did Eternal report in Q2FY27?

Eternal reported Q2FY27 net profit of ₹125 crore, up 92.3% year on year, while revenue rose 77.6% to ₹24,138 crore. These figures were cited alongside the post-results brokerage updates that lifted target prices.

The market discussion around the stock has therefore combined the latest trading levels with the reported earnings growth and expectations around Blinkit, food delivery and District. The available figures do not establish whether the November 9 decline reflected a change in those operating expectations, but they show the share remained near its reported 52-week high.

Conclusion

Eternal ended November 9 marginally lower at ₹363.45 on the NSE after an intraday range of ₹359.10 to ₹365.70. The closing price remained close to the ₹366 52-week high, while the recent Q2FY27 figures and revised broker targets have kept attention on the company.

Investors will watch the pace of Blinkit's store expansion, progress in unit economics, food delivery growth and the development of District. The two disclosed targets to track are Jefferies' ₹430 target and Goldman Sachs' ₹385 target, alongside Goldman Sachs' FY29 EBITDA projection of $1 billion.