Eternal's mcap surges to Rs 3.26 lakh cr; ranks ahead of Hindustan Aeronautics, Titan

New Delhi, Sep 18 (PTI) The market valuation of Eternal Ltd, which owns the Zomato and Blinkit brands, surged to Rs 3.26 lakh crore on Thursday following a rally in its stock price, with the company racing ahead of firms like Hindustan Aeronautics, Titan, Avenue Supermarts and Adani Ports in the market capitalisation chart.

Shares of Eternal climbed 2.96 per cent to settle at Rs 337.90 apiece on the BSE. During the day, the stock jumped 3.18 per cent to Rs 338.65 -- its 52-week high level.

The stock has been rallying for the past four trading days, climbing 5.11 per cent.

At the close of trade, the company commanded a market valuation of Rs 3,26,085.35 crore.

Eternal emerged as the biggest gainer among both the Sensex and Nifty firms.

Eternal stood at the 22nd rank in the chart of the top 100 companies by market capitalisation (mcap).

The company is ahead of Hindustan Aeronautics, whose market valuation stood at Rs 3,24,847.42 crore, Titan Company (Rs 3,11,692.84 crore), Avenue Supermarts (Rs 3,09,758.70 crore), Adani Ports (Rs 3,05,087.22 crore), Bharat Electronics (Rs 2,99,591.29 crore) and ONGC (Rs 2,96,454.28 crore).

So far this year, Eternal's stock has jumped 21.54 per cent. PTI SUM SUM SHW