Why did Eternal fall over 5% today?

Three forces aligned. The NIFTY50 selloff pushed risk-off sentiment and hit growth stocks first. Leadership headlines, including talk around Deepinder Goyal resignation, raised governance questions that premium valuations dislike. Valuation itself amplified the move, as a P/E above 1,000x leaves little cushion for uncertainty. Together, they pressured intraday bids and widened the drop.

Is the eternal share price expensive at current levels?

By traditional metrics, yes. A P/E above 1,000x implies the market is pricing many years of strong growth and improving margins. That setup is very sensitive to news and execution. If governance clarity improves and unit economics strengthen, the multiple can be supported. Without such proof points, even small negative updates can trigger sharp swings.

How could the Zepto IPO 2026 impact the company?

A high-profile listing can shift attention and capital to quick-commerce peers. Ahead of an IPO, competitive intensity may rise through faster delivery promises, promotions, or wider assortments. That can pressure margins and delay operating leverage. Clear signals on order density, retention, and contribution margin will be key to defend the growth story and steady investor confidence.

What should Indian retail investors track next week?

Watch for any formal leadership or board updates, especially around continuity and responsibilities. Monitor commentary on competition and pricing discipline as the Zepto IPO 2026 narrative builds. Follow operating indicators like order frequency, basket size, and marketing spend. A calmer backdrop after the NIFTY50 selloff could also reduce volatility in the eternal share price.

Global Market Insights

Eternal Stock Today February 24: 5% Drop on CEO Shift, Valuation

ByDanny Kontos February 24, 2026

The eternal share price fell over 5% to ₹254 on 24 February as risk-off trade hit Indian equities and stock-specific worries flared. A sharp NIFTY50 selloff below 25,500 and a 1,000-point drop in the Sensex pressured high-growth names. Talk around Deepinder Goyal resignation and leadership stability added to anxiety. Valuation concerns intensified with the stock trading at a P/E above 1,000x. Fears of tougher competition ahead of the Zepto IPO 2026 also weighed on sentiment. We break down what moved the stock and what investors in India should watch next.