When Deepender Singh Goyal started the food delivery company Jomato about 17 years ago, he would not have even thought that it would become a bigger company than the legendary companies of the country. Parent company of both Jomato and Blinkit companies is Eternal. Whose stock not only reached the record level on Tuesday. Rather, the company left behind even the country's legendary companies in terms of valuation. Some of which started before independence. Which includes Tata Motors and Wipro. The list also includes Nestle India, Asian Paints and JSW Steel. Let us also tell you which veteran companies have left behind in the stock market.
Eternal Limited shares reached a record level of Rs 311.6 on Tuesday, causing the market cap of the parent company of Jomato and Blinking crossing Rs 3 lakh crore-which has overtaken many companies like Wipro, Tata Motors, JSW Steel, Nestle India and Asian Paints. On Monday, the company's stock jumped up to 15 per cent on BSE and reached the life time high of Rs 311.6. The bounce was seen when investors appreciated the spectacular performance of the June quarter of the Quick-Commerce Vertical, Blinkit of Eternal.
The excitement among investors was seen due to the strong growth of the blinkit. According to the data, the net order of the blinkit has overtaken the Value (November) Jomato. The target has also been changed due to the encouraging results of the first quarter. On the other hand, Jefferies has updated the company's category and made it to Bing. Also, the target value of the company's shares was increased to Rs 400. MK Global said the Blinkit "recorded strong results of the first quarter, in which the Blinkit recorded a quarter-by-quarter-spent improvement in 140 per cent government revenue and EBITDA margin.
With the rapid on Tuesday, the market cap of Eternational reached temporarily 3 lakh crore rupees, leading to ahead of many major companies on Nifty 50. In these, the name of Wipro can be taken prominently. After the stock market was closed, the company's market cap was Rs 2.72 lakh crore. Tata Motors market cap of Rs 2.48 lakh crore, JSW Steel valuation 2.52 lakh crore rupees, Nestle India's Market Cap 2.35 Lakh Crore, Coal India's valuation 2.40 lakh crore, Bajaj Auto's valuation 2.31 lakh crore, Value of Asian Paints 2.27 lakh crore rupees, Ayeshar Motors Rs 1.50 million, Ayeshar Motors Rs 1.50 million, Rs. The market cap of Cipla is 1.18 lakh crore rupees. After the closure of the stock market, the market cap of Eternal has been seen by Rs 2.89 lakh crore. Eternal shares have increased by 42 per cent in the last 12 months and in 2025 so far, more than 10 per cent has been increased. After the stock market was closed, the company's stock is getting 10.32 per cent to be seen at Rs 299.75.
