DIIs bought 29,20,91,819 shares: Multibagger large-cap stock overtakes Adani Enterprises, Bharat Electronics & Tata Motors in terms of market cap

On Thursday, the Indian stock market experienced a downturn, with both the Sensex and Nifty-50 indices registering declines of over 0.7 per cent. The broader market indices also reflected this negative sentiment, as the BSE Mid-Cap Index fell by 0.60 per cent and the BSE Small-Cap Index was down 0.5 per cent. This widespread decline suggests a cautious or bearish mood prevailing across different segments of the market.

Despite the overall market being in the red, one multibagger Large-Cap stock stood out on Dalal Street, attracting significant attention. This particular stock achieved a notable milestone by surpassing the market capitalisation of prominent companies like Adani Enterprises Ltd, Bharat Electronics Ltd, and Tata Motors Ltd. At the day's high, the market capitalisation of this multibagger stock reached Rs 3,02,973 crore, exceeding Adani Enterprises (Rs 3,02,932 crore), Bharat Electronics Ltd (Rs 2,93,780 crore), and Tata Motors Ltd (Rs 2,60,095 crore). This performance highlights a strong individual investor interest in this specific large-cap counter amidst a broader market correction.

The multibagger large-cap stock name is Eternal Ltd (formerly known as Zomato Ltd)

Eternal Limited, formerly known as Zomato Limited, is an Indian multinational technology company that serves as the parent company for several prominent businesses, including Zomato, Blinkit, District, and Hyperpure. With a vision centred on adaptability, innovation, and sustainability, Eternal aims to build enduring institutions that redefine industries and positively impact society. Its diverse portfolio ranges from connecting millions to their favourite restaurants through Zomato's food ordering and delivery platform to providing quick commerce solutions via Blinkit, immersive retail experiences with District, and a farm-to-fork supply chain for restaurants through Hyperpure. The company's operations are segmented across India Food Ordering and Delivery, Hyperpure Supplies, Quick Commerce Business, Going-Out (dining-out and live business verticals), and other ancillary services.

Eternal Limited recently announced robust Q1 FY26 Quarterly Results, showcasing significant growth in its quick-commerce operations and improved margins, which positively impacted investor sentiment. For the quarter ending June 2025, the company's revenue from operations surged to Rs 7,167 crore, a remarkable 70 per cent year-on-year increase from Rs 4,206 crore in June 2024, and a 22.87 per cent sequential rise from Rs 5,833 crore in March 2025. Despite this impressive revenue growth, profit after tax (PAT) experienced a sharp decline, falling to Rs 25 crore, a 90 per cent decrease from Rs 253 crore in June 2024 and a 35.90 per cent drop from Rs 39 crore in the previous quarter. Adjusted revenue stood at Rs 7,563 crore, up 67 per cent year-on-year, while adjusted EBITDA decreased by 42 per cent to Rs 172 crore.

The quick-commerce segment was a primary growth engine, with Net Order Value (NOV) skyrocketing by 127 per cent year-on-year and 25 per cent quarter-on-quarter to Rs 9,203 crore, notably surpassing food delivery NOV for the first time. Eternal Limited expanded its quick-commerce footprint by adding 243 new stores during the quarter, and adjusted EBITDA losses in this segment narrowed to Rs 162 crore from Rs 178 crore in Q4 FY25, with margins improving from -2.4 per cent to -1.8 per cent of NOV. Meanwhile, food delivery NOV also saw healthy growth, increasing by 13 per cent year-on-year and 9 per cent sequentially, with margins improving to 5.0 per cent compared to 3.9 per cent a year ago. Deepinder Goyal, a significant stakeholder, holds 3.83 per cent of the company's shares, totalling 36,94,71,500 shares.

In Q1FY26, DIIs bought 29,20,91,819 shares and increased their stake to 26.49 per cent while FIIs sold 19,49,62,711 shares and decreased their stake to 42.34 per cent compared to Q4FY25. The shares of the company have a PE of 1,000x, an ROE of 2 per cent and an ROCE of 3 per cent. The stock is up by 65 per cent from its 52-week low of Rs 189.60 per share and has given multibagger returns of 485 per cent in 3 years.

Disclaimer: The article is for informational purposes only and not investment advice.