ICICI Securities raises target for Eternal stock to INR 425

Eternal (ISIN INE758T01015) received an INR 425 target from ICICI Securities, raised from INR 360 in the broker's October 7, 2026 note, according to DSIJ. The change followed a first quarter of fiscal 2027 in which Eternal reported INR 202.11 billion revenue, up 182.00 percent year over year, according to The Economic Times.

What the target change means

The new INR 425 target is INR 65 above the former INR 360 target, an 18.06 percent increase calculated from the broker's stated values. Moneycontrol reported on October 8, 2026 that ICICI Securities maintained its Buy rating and linked the valuation to food delivery, quick commerce and going-out businesses.

The research case centers on Blinkit, Eternal's quick-commerce operation. According to DSIJ, the broker estimated 76.00 percent year-over-year net order value growth for Blinkit in the second quarter of fiscal 2027 and an adjusted EBITDA margin of 0.80 percent of net order value. The same report projected 21.00 percent year-over-year net order value growth for food delivery in that quarter.

Three dated operating markers

On July 22, 2026, Eternal reported first-quarter revenue of INR 202.11 billion and consolidated net profit of INR 920.00 million, with revenue up 182.00 percent year over year, according to The Economic Times. On October 1, 2026, Eternal allotted 4,179,012 stock options covering up to 5,049,882 shares, according to StockFin. The October 7 target revision is the latest of the three markers and shifts attention back to monetization across the operating segments.

NSE price and valuation context

Eternal stood at INR 321.35 on the NSE at 1:32 p.m. IST on October 9, 2026, versus a prior close of INR 319.05. The NSE page lists a 52-week range of INR 212.60 to INR 368.45 and identifies Eternal as a NIFTY 50 constituent, leaving the share 12.78 percent below its yearly high based on the same-currency values.

The company combines food delivery, quick commerce, going-out services and B2B supplies. Its investor-relations page describes these four operating areas and lists Eternal Limited as the issuer.

Market context for Eternal stock

Trading on the NSE places Eternal within India's listed internet and e-commerce market, while the target revision supplies a separate valuation reference in Indian rupees. The central test for the revised view is whether the reported revenue expansion can translate into durable margins across food delivery and Blinkit.

Market context: Market report BSE Sensex.

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