Eternal Stock Shows Potential for 21% Upsurge Following Strong Q4 Results
Eternal showing positive momentum, can jump 21% in near-term; hint charts
Business Standard
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Eternal stock reached a two-month high of ₹265.40 following a robust Q4 report, reflecting a 346% year-on-year profit increase. Analysts expect the stock could rise to ₹310, indicating a potential 21% upside. Despite this, it remains down 8% year-to-date.
- 01Eternal stock hit a two-month high of ₹265.40 after Q4 results.
- 02The company reported a 346% YoY growth in net profit for Q4.
- 03Analysts predict a target price of ₹310, suggesting a 21% upside.
- 04The stock has gained 24% since its March low of ₹213.
- 05Current trading shows a 1% increase at ₹256.
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Eternal stock surged to a two-month high of ₹265.40 on the National Stock Exchange (NSE) following the release of its Q4 results, although it later adjusted to trade at ₹256, reflecting a 1% increase. The company's consolidated net profit for the quarter ending March 2026 rose by an impressive 346% year-on-year, reaching ₹170 crore, supported by a 196.5% increase in consolidated revenue to ₹17,200 crore. Despite this growth, the stock has experienced an 8% decline year-to-date. Analysts from Mirae Asset Sharekhan remain optimistic, maintaining a 'Buy' rating and projecting a target price of ₹310, which indicates a potential upside of approximately 21.1% from current levels. Technical indicators suggest positive momentum, with the stock trading near its 100-day moving average of ₹265 and showing strong buying interest based on the Moving Average Convergence-Divergence (MACD) and Relative Strength Indicator (RSI).
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Eternal's strong performance could influence investor confidence, potentially leading to increased market activity and stock purchases.
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