BUZZ-India's Eternal on track for best week in almost a year as brokers upbeat on firm

Amazon.com, Inc.

Amazon.com, Inc.

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** Eternal's ETEA.NS stock up 11.5% so far this week, on track for biggest weekly gain since week ended July 25, 2025

** Nifty 50 .NSEI up about 1% this week so far

** Brokerages optimistic on e-commerce firm's growth in face of heightened competition from Flipkart, Amazon AMZN.O

** BofA Securities, in July 1 note, expects number of orders to rise 17% q/q, led by store addition, normal seasonality

** Citi, in July 2 note, expects strong growth across co's food delivery, quick commerce

** Stock trades at forward 12-month PE of 115.3 vs industry median of 19.04

** 29 out of 32 brokerages rate stock "buy" or higher; median PT 355 rupees - LSEG-compiled data

** YTD, stock up 1.64% vs 7.03% .NSEI fall


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