ETERNAL (Cmp 342)
- Why it’s recommended: Eternal Limited is the corporate parent company of Zomato, Blinkit, Hyperpure, and District, having to reflect its growth into a multi-business consumer internet conglomerate. The recent recovery after dips into the strong support region around the Tenkan Sen and Kijun Sen with volumes signal a potential revival highlighting some fresh momentum. Strong domestic demand and higher gas prices have shifted focus on organised players. As the prices indicating a potential to move higher with a long body candle, we can now look for some positive vibes to extend.
- Key metrics:
- P/E: 124.23,
- 52-week high: ₹368.40,
- Volume: 22.28K.
- Technical analysis: Support at ₹312, resistance at ₹425.
- Risk factors: Margin compression , gig worker legislation and multi-vertical strain.
- Buy : above ₹342
- Stop loss: ₹329
- Target price: ₹375 (2 Months)
Stock Market Today
On 22 September 2026, Indian equities retreated after a four-day winning streak, with the Nifty slipping 85 points to close at 23,329 and the Sensex losing 330 points to 74,529. The Nifty Bank fell 255 points to 56,215, while midcaps eased 50 points to 61,963. Markets recovered from deeper losses as Brent crude cooled below $100, following reports that Iran may reopen the Strait of Hormuz if U.S. military pressure eases, raising hopes of a diplomatic breakthrough. Volatility also eased, with India VIX down nearly 3% to 10.9.
