Eternal Share Price Rise After ₹156 Crore Block Deal Despite Competitive Pressures

On June 11, 2025, Eternal Ltd., the parent company of Zomato, saw its stock rise by 2% following a large pre-market block deal. Around 60.93 lakh shares changed hands at an average price of ₹256 per share, bringing the total transaction value to approximately ₹156 crore. This volume accounted for 0.06% of Eternal’s total outstanding equity.

Competitive Pressure From Rapido

Despite the price bump, Eternal had faced recent selling pressure due to news that Rapido plans to enter the food delivery market in Bengaluru. Rapido has reportedly started onboarding restaurants and will offer lower commission rates—between 8% to 15%, compared to the 15%–30% charged by competitors like Swiggy and Zomato.

Industry Impact and IPO Developments

Last week, both Eternal and Swiggy saw gains after reports suggested a delay in the IPO of rival company Zepto. However, Zepto clarified that it will still file for an IPO later in 2025.

Read More: Tata Elxsi Dividend Record Date on June 11: How Much Dividend Will 1,000 Shares Earn?

Eternal Share Price Performance

As of June 11, 2025, Eternal share price was trading at ₹259.10, up 1.34% for the day. Over the past 5 days, the stock gained 2.41%, and it has risen 8.18% in the past month. Over the last 6 months, Eternal's share price has increased by 22.57%, and it is up 22.77% over the past year.

Conclusion

While Eternal benefited from a major block deal, the entry of new competitors like Rapido could keep pressure on the stock. Investors will be watching closely as market dynamics shift in the food delivery space.

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