Retail investors double down on Eternal despite 670x PE and 30% slide from peak

Published on 4 May 2026

They’re buying dips even as valuation looks extreme

Retail investors are adding shares of Eternal even as the stock trades about 30% below its peak and carries a lofty 670x price to earnings multiple. The dip-buying momentum has continued into the second quarter, alongside rising mutual fund interest. Meanwhile, foreign institutional investors have trimmed holdings. The company’s strong revenue growth and improving profitability are supporting sentiment.

Retail investors are buying Eternal shares on price dips
Stock trades roughly 30% below peak despite a 670x PE
Mutual funds increased exposure while FIIs reduced holdings
Revenue growth and improving profits bolster the valuation bet

#mutual funds #retail investors #eternal #p e ratio #quick commerce

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Retail investors double down on Eternal despite 670x PE and 30% slide from peak

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