Eternal LimitedNSE: ETERNAL

Zomato-parent Eternal up after CLSA says Blinkit widens lead in India quick commerce

· Issued by Eternal Limited

** Shares of Eternal NSE:ETERNAL, parent of Blinkit and Zomato, jump 5.6% to 260 rupees

** CLSA says Blinkit leads over rivals in quick commerce business in terms of weekly average users (WAU)

** WAU refers to number of unique users engaging with a product or service at least once a week

** Major Indian quick commerce players and WAUs - CLSA citing Senor Tower Data:

Co/brand name

WAU (in mln)

Blinkit

30.1

Swiggy's Instamart

8.2

Zepto

20-25

** Brokerage says food delivery arm Zomato one of its "top picks" in India consumer sector along with Swiggy NSE:SWIGGY

** On Wed, Morgan Stanley kept "top pick" call on ETEA due to market leadership in food delivery and quick commerce; started coverage with "overweight"

** So far this week, ETEA and SWIG up 9% and 10% respectively; YTD down ~7% and 32%