Zomato Parent Eternal Overtakes Titan, Tata Motors, Adani Ports, ONGC in Market Cap; Enters Nifty50 Top 25

Eternal, formerly known as Zomato, has achieved a major milestone by overtaking Tata Motors and Titan in market capitalisation. The company's market value has now surged to Rs 3.13 lakh crore, exceeding Tata Motors' Rs 2.64 lakh crore and Titan's Rs 3.12 lakh crore. This achievement puts Eternal just behind Hindustan Aeronautics Ltd (HAL), which has a market cap of Rs 3.22 lakh crore.

Eternal Surpasses Titan and Tata Motors in Market Cap, Joins Nifty50's Top 25

With this jump, Eternal has officially entered the top 25 Nifty50 companies by market capitalisation. It now ranks just below NTPC (Rs 3.25 lakh crore) and Bajaj Finserv (Rs 3.33 lakh crore), marking its entry into the elite group of India's most valuable publicly listed companies.

Eternal's Market Cap Comparison with Other Giants

Eternal's rapidly growing market capitalisation has propelled it ahead of several well-established companies in India's corporate landscape. With a market value of Rs 3.13 lakh crore, it has now surpassed Adani Ports (Rs 3.04 lakh crore), ONGC (Rs 2.96 lakh crore), Bharat Electronics (Rs 2.93 lakh crore) and Adani Enterprises (Rs 2.76 lakh crore).

Additionally, it now ranks above JSW Steel (Rs 2.72 lakh crore), Power Grid (Rs 2.68 lakh crore), Wipro (Rs 2.64 lakh crore), Bajaj Auto (Rs 2.53 lakh crore) and Coal India (Rs 2.44 lakh crore). This sharp climb in valuation underscores Eternal's growing dominance in the stock market and reinforces the increasing investor confidence in its business strategy and long-term potential.

Eternal's rising valuation has allowed it to outpace a number of prominent companies including:

• Adani Ports - Rs 3.04 lakh crore
• ONGC - Rs 2.96 lakh crore
• Bharat Electronics - Rs 2.93 lakh crore
• Adani Enterprises - Rs 2.76 lakh crore
• JSW Steel - Rs 2.72 lakh crore
• Power Grid - Rs 2.68 lakh crore
• Wipro - Rs 2.64 lakh crore
• Bajaj Auto - Rs 2.53 lakh crore
• Coal India - Rs 2.44 lakh crore

Zomato Stock Performance and Growth Drivers

Eternal's stock has delivered an impressive performance over various timeframes. Over the past year, the stock has gained 17.01%, with a year-to-date (YTD) return of 17.54%, signalling sustained investor interest. From its 52-week low of Rs 189.60 on the BSE, the stock has surged 72%, reflecting a significant rebound and underlying market optimism.

Looking at the medium term, Eternal's stock has climbed 61.37% over the past six months, while the last three months have seen a 28.89% increase. Even in the face of recent market fluctuations, the stock has managed to grow by 2.09% over the past month, indicating resilience and consistent buying interest.

These gains have been largely driven by strong revenue momentum, particularly from its quick commerce vertical, Blinkit, which has become a key engine of growth for the company.

Blinkit Emerges as a Key Growth Engine of Zomato Parent Company

A key factor behind Eternal's rally is the performance of its quick commerce arm, Blinkit. The unit has become a critical revenue driver, contributing significantly to the company's topline. Despite a year-on-year decline in Q1 net profit, strong revenue momentum - largely fuelled by Blinkit has supported the rise in market cap and helped sustain bullish investor sentiment.