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2w ago

Eternal Ltd Shares Climb Over 4% as Morgan Stanley Maintains Rs 320 Target

Morgan Stanley predicts quick commerce losses will peak this quarter followed by margin recovery from FY26.

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Zomato’s Deepinder Goyal
Zomato | Image: Reuters

Overview

  • Morgan Stanley reaffirmed Eternal as its top sector pick and maintained its Rs 320 price target.
  • The brokerage suggested a price floor of Rs 200–220, pointing to a favorable risk-reward profile.
  • Eternal’s shares rose over 4% on June 5, extending a 12% gain over the past five trading days.
  • Morgan Stanley expects quick commerce losses to peak this quarter, with margin recovery beginning in FY26.
  • By FY28, the firm forecasts adjusted EBITDA will climb to Rs 6,548 crore from Rs 1,079 crore in FY25, with net profit nearly tenfold to Rs 5,089 crore.