Eternal Ltd’s stock jumped 7 % on Tuesday, with unusually high trading volumes of around 9.9 crore shares on the NSE. The rally followed strong third-quarter results, with net profit rising 73 % to ₹102 crore and revenue more than tripling year-on-year.
Market activity was also supported by a large block deal worth roughly ₹344 crore. Recent company developments, including a change in CEO and the closure of a subsidiary, have kept investors’ attention on the stock.
Over the past month, Eternal shares have gained around 6.6 %, reflecting growing confidence in the company’s growth trajectory.