Eternal stock gets Buy call with INR 435 fair value

Published on 11/09/2026 at 10:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Eternal stock draws a Buy rating from Kotak Neo. The case rests on earnings growth and a lower projected valuation multiple.

Earnings-led case faces high valuation

Kotak Neo's Buy view is tied to stronger projected earnings.
The valuation argument assumes a lower forward P/E multiple.
Food delivery and quick commerce remain central to execution.

Eternal, INE758T01015, Illustration mit AI erstellt.

Eternal stock received a Buy rating in a stock-selection report published on November 6, 2026, according to AD HOC NEWS. Kotak Neo assigned Eternal a fair value of INR 435 per share and cited 21.5% upside.

Profit growth supports recommendation

The report's case is built on projected earnings growth. It expects Eternal's earnings per share to rise from INR 1.3 in fiscal 2027 to INR 3.2 in fiscal 2028, while the projected price-to-earnings multiple declines from 264.6 times to 107.5 times.

The recommendation forms part of a broader selection of seven stocks favored by Kotak Neo. The combination of faster profit expansion and multiple contraction supports the valuation case, although the projected multiple remains elevated.

Execution remains the key test

Eternal operates across food delivery, quick commerce, going-out and B2B supplies, according to the company's investor-relations page. Execution across food delivery and quick commerce is central to the earnings outlook behind the analyst view.