Eternal Ltd Shares Surge After Zomato Profit Report
Eternal Ltd's shares soared nearly 6% in premarket trading after Zomato's quarterly profit announcement, making it the top gainer on the Nifty 50.
Insights:
Eternal Ltd , the parent company of online food delivery giant Zomato Ltd , experienced a significant boost in its share price following a robust quarterly profit report from its subsidiary. The announcement triggered a nearly 6% surge in Eternal's shares during premarket trading on Thursday, positioning the stock as the top percentage gainer on the Nifty 50 index.
The Nifty 50, a benchmark index in India 
IN, also benefitted from the positive market sentiment, rising by 0.7% on the day. This performance underscores the impact of Zomato's financial success on its parent company, Eternal Ltd, and the broader market.
IN, also benefitted from the positive market sentiment, rising by 0.7% on the day. This performance underscores the impact of Zomato's financial success on its parent company, Eternal Ltd, and the broader market.
