ICICI Securities lifts Eternal target to INR 425: Eternal stock sits 31.89 percent below it

Published on 10/15/2026 at 15:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Six-month returns reached 35.66 percent by October 13, 2026. Eternal stock costs INR 323.00 on October 15, 2026, up 2.22 percent versus NSE close.

ICICI Securities updates valuation

ICICI Securities raised its Eternal target from INR 360.00 to INR 425.00 on October 7, 2026.
Six-month returns reached 35.66 percent by October 13, 2026.
Eternal stock costs INR 323.00 at 3:29 p.m. IST on October 15, 2026, up 2.22 percent versus the NSE close of October 14, 2026.
Eternal's next results are scheduled for October 21, 2026.

Eternal, INE758T01015, Illustration mit AI erstellt.

Eternal Limited (INE758T01015) sits 31.89 percent below the INR 425.00 target that ICICI Securities raised from INR 360.00 on October 7, 2026, according to Moneycontrol. The NSE price stood at INR 323.00 on October 15, 2026 at 3:29 p.m. IST, up 2.22 percent versus the prior close of INR 316.00 on October 14, 2026.

Six-month return sets the frame

Eternal gained 35.66 percent over the six months ended October 13, 2026, according to NDTV Profit. The stock remains 12.34 percent below its NSE 52-week high of INR 368.45 and 52.02 percent above its low of INR 212.60, both dated October 15, 2026. Eternal's year-to-date return was 12.61 percent, while the Nifty 50 was down 12.14 percent over the same measure.

Valuation and October 21 results

Eternal's market capitalization was INR 2.97 trillion on October 15, 2026, and its price-to-earnings ratio was 685.19. The next scheduled corporate date is October 21, 2026, when the board is due to consider results for the quarter and half-year ended September 30, 2026, followed by a conference call at 5:00 p.m. IST, NDTV Profit reported on October 13, 2026.

Comparison with peers

Eternal (NSE, INR): plus 2.22 percent, P/E 685.19, market capitalization INR 2.97 trillion.
Swiggy (NSE, INR): minus 0.84 percent, P/E minus 14.84, market capitalization INR 599.98 billion.
Delhivery (NSE, INR): plus 0.31 percent, P/E 336.39, market capitalization INR 307.51 billion.

Range and valuation remain key

The wide INR 155.85 gap between Eternal's 52-week low and high leaves the current position closer to the upper end of the range. The elevated price-to-earnings ratio and the upcoming results date make the next reported margin and earnings figures important reference points.

The next market marker

The October 21 results date is the next scheduled event for the company, while the ICICI Securities target provides a dated valuation reference at INR 425.00.