Jefferies raises Eternal stock target to INR 430 from INR 415

Eternal (ISIN INE758T01015) became the subject of a higher Jefferies target on October 22, 2026, with the brokerage lifting its target to INR 430 from INR 415, according to The Economic Times. Eternal stock was quoted at INR 327.05 on NSE India on October 26, 2026 at 1:49 p.m. IST.

What does Dark.ai add?

The new target followed Eternal's second-quarter results and the company's unveiling of Dark.ai, a privacy-focused artificial intelligence assistant. CNBC TV18 reported on October 21, 2026 that the product uses end-to-end encryption, runs on Eternal's infrastructure and is intended for a global launch within 2026. The platform is aimed at founders, researchers, enterprises and governments that want tighter control over private conversations.

Three dated catalysts

The chronology is compact but material. On October 21, 2026, Eternal reported consolidated net profit of INR 1.25 billion for the second quarter of fiscal year 2027, compared with INR 650.00 million a year earlier, while revenue from operations reached INR 241.38 billion, up 77.60 percent year over year, according to ANI. On the same date, the company detailed Dark.ai and its planned 2026 global launch. On October 22, 2026, Jefferies raised its target to INR 430 from INR 415.

Why did the target rise?

Jefferies pointed to faster Blinkit store expansion, improving unit economics, food delivery growth above 20.00 percent and greater confidence in District. The second-quarter report also showed adjusted EBITDA of INR 7.52 billion, up 26.60 percent from INR 5.94 billion in the preceding quarter, while the adjusted EBITDA margin increased to 3.15 percent from 2.95 percent, as The Economic Times reported on October 22, 2026. For investors, the key test is whether quick-commerce scale and Dark.ai can expand earnings without absorbing the operating gains from the core businesses.

Stock and business outlook

Eternal combines food delivery, quick commerce, going-out services and B2B food supplies. The company has not provided a dated future event in the cited material, so the next clearly periodized reference is the second quarter ended September 30, 2026. The latest results put operating scale and new-product execution side by side: revenue growth was 77.60 percent year over year, while Dark.ai remains an initiative planned for launch within 2026.

Current NSE indication

Eternal stock stood at INR 327.05 on NSE India on October 26, 2026 at 1:49 p.m. IST. The company had a market capitalization of INR 3.0 trillion as of October 26, 2026.

Market context: Market report BSE Sensex.

More news and analyses on Eternal stock