ETERNAL.NS stock up 5.36% intraday on NSE 03 Feb 2026: traders eye liquidity
ETERNAL.NS stock jumped 5.36% intraday to INR 284.00 on the NSE on 03 Feb 2026, marking it among the market’s most active names. Heavy turnover — 48,429,547.00 shares so far versus an average of 37,486,819.00 — is driving the move as traders react to liquidity flows and short-term technicals. We look at why Eternal Ltd. (ETERNAL.NS) is trading actively today, how fundamentals and valuation compare to the Communication Services sector in India, and what short-term price targets and risks traders should watch.
Intraday price action: ETERNAL.NS stock
Eternal Ltd. (ETERNAL.NS) opened at INR 294.00 and has traded between INR 282.80 and INR 299.90 intraday on 03 Feb 2026. The stock is up INR 14.45 from the previous close of INR 269.55, a 5.36% gain that coincides with above-average volume of 48,429,547.00 shares.
The intraday indicators show momentum but mixed breadth: RSI at 45.31 and MACD histogram positive at 1.15, suggesting short squeezes and rotation trades rather than a fresh trend breakout.
Why ETERNAL.NS stock is among the most active names
ETERNAL.NS stock is seeing heavy flows partly from ETF indexing and block trades; ETF holdings lists show shifting allocations into India trackers that can lift high-liquidity names. Market attention to delivery and food-tech peers is also supporting volume StockAnalysis ETF holdings.
Traders cite a tight float relative to daily turnover and recent volatility (ATR 7.16) as reasons for strong intraday interest. On-chain order-book metrics and on-screen liquidity make ETERNAL.NS a preferred vehicle for intraday strategies today.
Fundamentals and valuation: ETERNAL.NS stock
Eternal Ltd. trades at PE 1090.60 with EPS 0.25 and market cap INR 2,484,426,532,467.00 (shares outstanding 9,112,145,727.00). Price-to-sales is 5.79 and price-to-book is 8.20, well above Communication Services averages, signalling stretched valuation versus peers.
Operating cash flow per share is 0.72 and free cash flow per share is -0.13, while current ratio is 3.18, showing strong liquidity on the balance sheet but thin cash generation relative to valuation. These metrics explain why some longer-term investors remain cautious despite active trading.
Meyka grade and technical snapshot for ETERNAL.NS stock
Meyka AI rates ETERNAL.NS with a score out of 100: 60.86 / Grade B / Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus.
Technical indicators: ADX 30.96 (strong trend), Bollinger middle 284.48, BB upper 294.90, and CCI 106.04 (short-term overbought). Volume metrics show on-balance-volume negative but MFI 55.84, pointing to mixed money flow. These signals support intraday strength while cautioning on longer-term follow-through.
Price forecasts and targets: ETERNAL.NS stock forecast
Meyka AI’s forecast model projects a monthly value of INR 281.17 and a yearly target of INR 340.16. Compared with the current price of INR 284.00, the monthly model implies a downside of -1.00%, while the yearly target implies an upside of +19.79%.
Analyst-style price target bands for trading: near-term traders may use INR 275.00 as support and INR 312.00 as a tactical upside pivot. Longer-term model-driven targets: base INR 340.16, bull INR 449.52 (3-year), with caveats that forecasts are model-based projections and not guarantees.
Risks, sector context and trading checklist for ETERNAL.NS stock
Key risks: very high PE vs. peers, negative free cash flow per share, and interest coverage -1.97 which can pressure margins if revenue growth slows. Communication Services in India shows mixed YTD performance, and sector averages (PE ~29.09) are far lower than Eternal’s valuation.
Trading checklist: watch daily volume vs. average (current relVolume 0.91), intraday VWAP, and ETF flow notices. For institutional movement follow-ups, see MarketBeat coverage of ownership and fund flows MarketBeat news.
Final Thoughts
ETERNAL.NS stock is one of the NSE’s most active names on 03 Feb 2026, trading at INR 284.00 with volume 48,429,547.00 indicating strong short-term interest. The price move is supported by intraday liquidity and technical triggers, but fundamentals show a stretched valuation: PE 1090.60, PB 8.20, and negative free cash flow per share -0.13. Meyka AI’s forecast model projects INR 340.16 in 12 months, implying an upside of +19.79% from the current price; the monthly model at INR 281.17 implies near-term stability with a small downside of -1.00%. Traders should balance active momentum strategies with valuation risk and use clear stop-loss levels. Meyka AI, an AI-powered market analysis platform, flags ETERNAL.NS as a high-volume intraday candidate but rates the stock B / HOLD for longer-term holders. Forecasts are model-based projections and not guarantees; always align position size with risk tolerance.
FAQs
What drove ETERNAL.NS stock higher intraday today?
ETERNAL.NS stock rose intraday due to elevated volume (48,429,547.00 shares), short-term technical triggers (CCI 106.04) and ETF-related flows that increased liquidity on the NSE.
How expensive is Eternal Ltd. compared with peers?
Eternal Ltd. trades at PE 1090.60 and PB 8.20, well above Communication Services averages, indicating a stretched valuation versus sector peers and higher sensitivity to revenue growth.
What are realistic price targets for ETERNAL.NS stock?
Meyka AI’s model projects INR 281.17 for one month and INR 340.16 for one year. From INR 284.00 today, that implies -1.00% short-term and +19.79% 12-month potential, model-based and not guaranteed.
How does Meyka grade ETERNAL.NS stock?
Meyka AI rates ETERNAL.NS with a score out of 100: 60.86 (Grade B) with a HOLD suggestion. The grade considers benchmark and sector comparisons, metrics, forecasts and analyst consensus.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.