Eternal shares have climbed more than 20% over the past month, while analysts have largely kept a bullish view on the food delivery major. Experts say the company continues to have strong growth levers that could support performance ahead, and technical indicators point to an improvement in the stock’s medium-term trend.

The stock is still trading below its October peak of Rs 368, which keeps that earlier high in focus for market watchers assessing the recent move.

What are experts saying?

Eternal’s recent gains have drawn attention as investors assess whether the stock can revisit its October high. Market watchers cited by the report say the company’s business momentum and growth prospects remain supportive, even as the shares trade below their earlier peak. The broader read-through for investors is that the company is still being tracked not only for the pace of the share price recovery, but also for whether its operating strength continues to back that move.

Should you buy Eternal shares now?

The article raises the question of whether investors should buy Eternal shares at current levels, given the stock’s strong one-month rally and the fact that it remains below its October peak. With analysts still broadly positive and technical indicators improving, the next point to watch is whether the stock can sustain momentum without losing sight of the higher valuation reference set by its recent peak.

Eternal is the food delivery major formerly known for its Zomato branding.