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Informist, Wednesday, Oct. 15, 2025

By Anjana Therese Antony

MUMBAI – Traders placed bullish bets on Eternal ahead of its September quarter results due Thursday. Premiums on deep out-of-the-money call contracts surged and those on puts declined, hinting at near-term optimism. Though the quick-commerce company's revenue is expected to grow in strong double digit from the year-ago period, its bottom line is expected to fall. The sales growth will be supported by the rise in monthly transacting user base despite the hike in platform fee in the reporting quarter, broking firms said.

Ahead of the earnings, the stock hit a record high of INR 355.90 Wednesday and closed almost 2% higher at INR 354.35 on the National Stock Exchange. It has risen 30% since the June quarter results were announced on Jul. 21. The volume of the stock traded was 22% higher than Tuesday at almost 31 million. Its market capitalisation increased by INR nearly 64 billion to INR more than 3 trillion. The near-term support for the stock is pegged at INR 320-INR 300 and resistance at INR 360-INR 370, according to a senior technical analyst at a domestic broking firm. 

Premiums on call strikes INR 365-INR 400 expiring on Oct. 28 increased 87-138% and those on put options INR 350-INR 280 declined around 25%. The highest open interest addition of 1.6 million was at INR 340 call contract and the maximum addition of 1.4 million on the put side was at INR 350. The highest concentration of open interest was at INR 335 call and INR 330 put. 

Zomato's owner is expected to post a 36% on-year decline in its consolidated net profit to INR 1.1 billion, but revenue is likely to grow 83% to INR 87.6 billion, according to the average of estimates from nine brokerages. Compared to a quarter ago, this would mean a 349% rise in the bottom line and 22% growth in the top line. 

The overall equity market, too, closed higher Wednesday, with most sectors in the green. The Nifty 50 ended 0.7% higher at 25323.55 points, snapping a two-day losing run. Analysts believe that the market's valuation remains expensive and the earnings season is unlikely to provide enough cues in favour of the bulls. They also believe that persistent inflows from domestic investors is making it difficult for valuations to reach reasonable levels and is failing to provide a better entry point for investors. 

--Nifty 50 October closed at 25435.00, up 229.00 points; 111.45-point premium to the spot index

--Nifty 50 November closed at 25562.70, up 227.80 points; 239.15-point premium to the spot index

--Nifty 50 December closed at 25721.00, up 217.60 points; 397.45-point premium to the spot index

Persistent Systems, HDFC Bank, Axis Bank, Infosys, Reliance Industries, ICICI Bank, Bajaj Finance, Tata Motors, HDFC Asset Management Co., Multi Commodity Exchange of India, ICICI Lombard General Insurance Co., Larsen & Toubro, Tata Consultancy Services, One 97 Communications, and Tech Mahindra were the most active underlying stocks Wednesday.  End

Edited by Akul Nishant Akhoury

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