Shares of Eternal, the parent company of online food delivery and quick commerce aggregators Swiggy and Zomato, witnessed heavy selling pressure today. Their shares fell by about 5%. For Swiggy, this is the third consecutive day when its shares have weakened, while Eternal’s shares have fallen for the second consecutive day. With this fall, Swiggy’s shares fell below its QIP (Qualified Institutional Placement) price and is also below the IPO price. However, despite this, global funds and analysts still remain bullish on both of them.
Currently, Swiggy shares are down by 4.56% on BSE at ₹360.75 (Swiggy Share Price) and Eternal shares are down by 0.71% at ₹279.80 (Eternal Share Price). In intra-day it fell by 4.88% to ₹359.55 while Eternal slipped by 1.97% to ₹276.25. Talking about Swiggy’s QIP, under this, shares were issued at the price of ₹ 375 and under the IPO, shares were issued at the price of ₹ 390.
What is the opinion of experts on Zomato’s Eternal and Swiggy?
Matt Orton, chief market strategist at Raymond James, says that Swiggy has strengthened its credit lines and has a lot of money which it can invest in better investment options. He believes that GST reforms will have a positive impact on consumption. Matt Orton believes that Swiggy shares are very cheap. There was a lot of ups and downs in it last year 2025 but now this year 2026 there are chances of a huge rise. Brokerage firm CLSA has even included Eternal in its India focus portfolio to increase consumption exposure in India. Overall, out of 33 analysts covering Eternal, 29 have given buy rating and 4 have given sell rating, while out of 28 analysts covering Swiggy, 23 have given buy, 2 have given hold and 3 have given sell rating.
How were the shares in one year?
Talking about the movement of Swiggy shares in one year, last year on January 6, 2025, their one year high level was at ₹ 546.45. Within four months, it slipped 45.65% from this high level to one-year low of ₹297.00 on May 13, 2025. Now talking about Zomato Eternal, last year it was at a one-year low of ₹ 189.60 on BSE on April 7, 2025, due to which in just six months it jumped 94.30% to reach a one-year high of ₹ 368.40 on October 16, 2025.
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