Eternal shares surged 3% from recent lows following Zomato's increase in its platform fee by Rs 2.40 per order. The adjustment aligns Zomato's fee with that of rival Swiggy. This development comes after Eternal's stock experienced a significant correction and underperformed broader indices over the past six months.
Shares of Eternal rose 3% from their lows on the NSE after Zomato announced a hike in its platform fee to Rs 2.40 per order. The change brings Zomato's charges in line with competitor Swiggy, which already levies a similar fee. Keywords associated with the event include Eternal, Zomato, Swiggy, NSE, GST, Rapido, and Ownly. This uptick in Eternal's stock price occurs amid a backdrop of underperformance, as the company has seen a significant correction compared to broader market indices over the past six months. No further details on the exact timing of the fee hike or its immediate impact on order volumes were provided in the report.
