Business
India's Zomato-parent Eternal set for best week on record after strong Q1 results
India's Zomato-parent Eternal set for best week on record after strong Q1 results
About this update from Eternal Limited
** Shares of Eternal NSE:ETERNAL jump 21% this week, set for best weekly gain on record ** ETEA top weekly gainer on benchmark Nifty 50 NSE:NIFTY ** Stock also set to log first weekly gain in four** Gains driven by Zomato and quick commerce platform Blinkit parent's robust Q1 revenue, which boosted hopes for continued growth in quick-commerce business** Rival Instamart parent Swiggy NSE:SWIGGY also up 5.4% this week, set for its third straight weekly gain; also top weekly gainer on Nifty Next 50 (.NN50)** Avg rating on ETEA and SWIG at "buy" - LSEG data** YTD, ETEA up 12% vs SWIG's 24% decline