Top 25 Nifty50 stocks: Eternal overtakes Tata Motors and Titan in market cap; nears HAL and NTPC
Eternal, formerly known as Zomato, has climbed further up the market-cap rankings, surpassing Tata Motors and Titan to reach a valuation of Rs 3.13 lakh crore. The company’s market capitalisation now stands above Tata Motors’ Rs 2.64 lakh crore and Titan’s Rs 3.12 lakh crore, putting it just short of Hindustan Aeronautics Ltd (HAL), which has a market cap of Rs 3.22 lakh crore.Eternal in top 25 Nifty firmsThe surge has propelled Eternal into the top 25 Nifty50 stocks by market value. The stock now sits just below NTPC at Rs 3.25 lakh crore and Bajaj Finserv at Rs 3.33 lakh crore, bringing it within striking distance of these heavyweights, according to an ET report.Eternal’s rise also places it ahead of several other major listed firms, 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), and Coal India (Rs 2.44 lakh crore).Blinkit drives growth momentumLed by founder and CEO Deepinder Goyal, Eternal has gained 72% from its 52-week low of Rs 189.60 on the BSE. While Q1 saw a year-on-year decline in net profit, strong revenue momentum—driven largely by Blinkit—has boosted investor confidence in its long-term prospects.Over the past year, Eternal has delivered a gain of 17.01%, with its year-to-date performance rising 17.54%. The rally has been stronger in the medium term, with the stock climbing 61.37% over six months and 28.89% in the past three months.In the near term, shares have risen 2.09% over the past month. Eternal Ltd shares closed at Rs 327.15 on Tuesday. The stock rose by Rs 3.85, marking a 1.19% increase.