Eternal Shares Slip More Than 2% After ₹210 Crore Block Deal

Mumbai, August 29, 2025: Eternal Limited (NSE: ETERNAL) shares declined 2.06% to ₹309 as on 12:06 pm IST following volatility triggered by a block deal. Earlier today, approximately 66.76 lakh shares were sold in one block at ₹315.50 per share, amounting to ₹210.64 crore.

Stock Oscillates Between ₹307.75 and ₹316.75 Amid Heavy Trading Volume of 210 Lakh Shares

The shares dropped as low as ₹307.70 during the block deal, down around 2.4% from its previous close, before making a modest comeback. During the day, Eternal oscillated between ₹307.75 and ₹316.75, showing active trading momentum. Overall volume zoomed to 210 lakh shares, with total value crossing ₹650 crore—reflective of increased market interest in the backdrop of large-volume movement.

Eternal Shows Resilience Despite 7% Drop From 52-Week High

Even with today’s slip, Eternal has shown strong resilience in recent times. From its 52-week high of ₹331.35 on August 20, the stock has corrected by around 7% since then. It remains strongly in the medium term—around 35% in three months and 40% in six months—confirming its multi-bagger status.

About Eternal Limited: E-Retail Firm With Strong NIFTY 50 Presence

Eternal Limited, listed since July 2021, operates in the E-Retail/E-Commerce sector and is part of the NIFTY 50 index. The company commands a market capitalization of ₹2.99 lakh crore with a free float market cap of ₹2.15 lakh crore.

Analysts Say Pullback Is Healthy Consolidation, Support at ₹286-₹300 Could Offer Buying Opportunity

Analysts are attributing the pullback to being more “healthy consolidation” than a reason for worry. Technical voices are saying today’s fall is probing important support levels—especially at the ₹286–₹300 level, making it a possible buying opportunity for positional investors.

Block Deal Highlights Institutional Activity, Investors Watch Stock Trajectory Closely for Near-Term Trend

The block deal has brought into the limelight institutional holding and speculative positioning in Eternal. With such huge volumes and price fluctuations, investors will closely observe how the stock charts its course over these support points in the next couple of days.

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