Eternal Stock Today February 24: 5% Drop on CEO Shift, Valuation
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.
Why the Stock Dropped Today
A weak tape set the tone. The Sensex fell about 1,000 points and the NIFTY50 slipped below 25,500, sparking profit-taking in growth stocks. When indices slide fast, traders often cut high-beta internet names first. That dynamic likely amplified the fall in the eternal share price. In risk-off phases, foreign flows and domestic momentum both tend to retreat, widening intraday swings.
Speculation around leadership changes, including chatter on Deepinder Goyal resignation, unsettled holders. Growth stocks price a premium for visibility and execution. Any doubt on governance or continuity can compress multiples, even without fresh financial data. Coverage today highlighted these concerns, adding pressure to the eternal share price. For context, see reporting from Upstox.
Valuation Risks at Play
With a P/E above 1,000x, small swings in expectations can trigger large price moves. At extreme multiples, the market assumes years of rapid growth and margin improvement. Any hint of leadership change, slower demand, or rising costs challenges that story. The eternal share price reacted as investors reassessed how much future profit is already embedded and how sensitive that outlook is to news flow.
De-rating does not require weak results. It can follow shifts in risk appetite or headlines that raise execution questions. If multiples cool, strong revenue growth can still steady returns over time. Investors often wait for cleaner governance cues, proof of improving unit economics, and evidence that growth is funding itself. Until then, the eternal share price can remain volatile around news bursts.
Competition and the Zepto IPO 2026 Angle
A potential Zepto IPO in 2026 refocuses attention on market share, delivery speed, and cost-to-serve. New listings often draw capital, push peers to clarify strategy, and sharpen price comparisons. Today’s coverage flagged this overhang as one driver of caution. For a summary of factors hitting the stock, see Equitymaster.
If competition heats up ahead of a listing cycle, promotions and logistics costs can rise. That can delay operating leverage just when the market expects margin lift. The eternal share price will likely track signals on order density, delivery efficiency, and marketing intensity. Clear evidence that cohorts improve and cash burn narrows could ease fears about a prolonged price war.
Practical Steps for Indian Investors
Use reference levels and position sizing. With the last print near ₹254, avoid chasing sharp intraday bounces. Consider staggered entries only if your thesis is long term and risk budget allows. Tight stop-losses can help traders, while investors should revisit assumptions on growth, margins, and governance. Waiting for cleaner disclosures can be a valid choice when the eternal share price is headline-driven.
Look for formal updates on leadership and any board communication that addresses continuity. Track competitive intensity as the Zepto IPO 2026 storyline develops, along with any change in subsidies. Monitor core metrics such as order frequency, average ticket size, and contribution margin. A calmer tape after the NIFTY50 selloff would also reduce volatility in the eternal share price.
Final Thoughts
Today’s 5% slide to ₹254 ties back to three drivers. First, the market backdrop turned risk-off, with the Sensex down about 1,000 points and the NIFTY50 falling below 25,500. Second, leadership chatter, including talk around Deepinder Goyal resignation, raised governance questions that premium stocks struggle to absorb. Third, a P/E above 1,000x leaves little room for uncertainty, while the Zepto IPO 2026 narrative keeps competition in focus. For investors in India, the playbook is simple. Recheck your thesis, wait for clearer updates on leadership and unit economics, and avoid oversized bets while volatility is high. If fundamentals strengthen and disclosures improve, multiples can stabilise. Until then, expect news-driven swings in the eternal share price and plan entries in phases with disciplined risk controls.
FAQs
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.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.