Eternal Share Prices Maintain Midday Trend, Close 2.13% Lower Than Opening Figures

9th April, 2025 / 3:30 PM

After completing the rebranding exercise to Eternal, Zomato witnessed an increase in opening prices by 0.37% (at ₹216) over the closing prices of ₹215.19 yesterday. The latter was also higher than the 9th April opening price of ₹213.19 by 0.93%. Despite this positive momentum, the stock came down to ₹212 by midday, indicating a sharp drop of 1.85% from the opening price. Share prices have now closed for the day at ₹211.39, which is 2.13% lower than the opening price.

Despite the rebranding exercise, concerns continue to remain over intensifying competition in the company’s core segments, along with increasing layoffs and the recent resignation of its COO. It remains to be seen how the stock prices play out over the next few days.

9th April, 2025 / 12:30 PM

Newly rebranded Eternal (Zomato) share prices were trading at ₹212 by midday, which is approximately 1.85% lower than the opening price of ₹216 today (9th April). Interestingly, the opening results were delightful for investors since the figures were 0.37% more than the closing price of ₹215.19 yesterday (8th April). Also, the latter was 0.93% higher than the opening price of ₹213.19 on 8th April.

Hence, after a sustained positive streak, the share prices have again gone below the opening threshold by midday today. It remains to be seen how Eternal performs by the end of the day amidst fears related to intensifying competition from Swiggy, layoffs, exits, and other developments. 

9th April, 2025 / 9:30 AM

Rebranded to Eternal, Zomato began its new innings on 9th April by opening at ₹216, which is 0.37% higher than the closing price of ₹215.19 yesterday (8th April). In fact, the latter also delighted investors by closing 0.93% above the opening price of ₹213.19 on 8th April. The latter was also higher than the closing price on 7th April, marking a positive trend that has spilled over into 9th April as well. 

Along with its rebranding exercise, the company has also been in the news for its recent layoffs and the resignation of its COO, while analysts have highlighted future challenges resulting from intensified competition with Swiggy across multiple categories. It remains to be seen whether it can shake off these hurdles to reach a better position by midday. 

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