The Economic Times

Aggressively buy Eternal shares now after 40% crash! Why JM Financial feels gas crisis impact on Zomato is overstated

Eternal shares have corrected sharply, but JM Financial sees the decline as an opportunity, maintaining a bullish stance. The brokerage believes concerns around the LPG crisis and competition are overstated, and expects steady growth in Zomato and Blinkit businesses, with potential upside driven by improving margins and long-term demand trends.