BofA buys INR 1.69 billion of Eternal stock from Goldman Sachs

Published on 10/16/2026 at 10:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

INR 202.11 billion Q1 FY27 revenue precedes October 21 results for Eternal stock. ICICI set an INR 425 target for Eternal on October 7, 2026.

Block deal and earnings setup

BofA Securities bought INR 1.69 billion of Eternal shares on October 15, 2026.
Eternal reported INR 202.11 billion revenue in the first quarter of fiscal 2027.
Eternal's board is scheduled to review second-quarter results on October 21, 2026.

Eternal, INE758T01015, Illustration mit AI erstellt.

Eternal (INE758T01015) saw BofA Securities Europe SA buy INR 1.69 billion of its shares in an October 15, 2026 open-market transaction. The deal gives Eternal stock a fresh ownership marker before the company reports its next quarter.

Moneycontrol reported that BofA Securities Europe SA purchased 53.37 lakh shares, representing 0.05 percent of Eternal's paid-up equity, from Goldman Sachs Bank Europe SE ODI. The transaction value was INR 1.69 billion, with the shares changing hands at INR 316.00.

What does the target imply?

DSIJ said ICICI Securities raised its Eternal target to INR 425.00 from INR 360.00 in an October 7, 2026 company update and kept a Buy rating. The broker estimated quick-commerce net order value growth of 76.00 percent year over year for the second quarter of fiscal 2027.

The valuation case rests on operating improvement across Eternal's businesses. In the first quarter of fiscal 2027, revenue from operations reached INR 202.11 billion, up 182.00 percent year over year from INR 71.67 billion, while consolidated net profit rose 268.00 percent to INR 920.00 million from INR 250.00 million, according to The Economic Times.

Three dated developments

On June 30, 2026, Eternal reported first-quarter revenue of INR 202.11 billion and adjusted EBITDA of INR 5.55 billion, according to The Economic Times. On October 7, 2026, ICICI Securities lifted its target from INR 360.00 to INR 425.00. On October 15, 2026, BofA bought INR 1.69 billion of shares from Goldman Sachs.

Dates that matter next

Eternal's board is scheduled to consider unaudited results for the quarter and half-year ended September 30, 2026, on October 21, 2026, according to Zee Business. The earnings conference call is also scheduled for October 21, 2026, at 5:00 p.m. IST, as NDTV Profit reported.

Market value remains elevated

Eternal was quoted at INR 325.95 on the NSE on October 16, 2026 at 2:12 p.m. IST. Its market capitalization was INR 3.0 trillion, while the 52-week range stood at INR 212.60 to INR 347.75 on the same date. The stock's position below its yearly high leaves the September-quarter margin update as the next measurable test.