Online delivery firm Eternal’s stock dipped nearly 9% despite strong December quarter profits, driven by investor concerns over escalating competition. Slower store expansion boosted profitability, but increased spending to accelerate quick commerce growth may impact future earnings. Analysts maintain ‘buy’ ratings but have trimmed target prices.
​Online delivery firm Eternal’s stock dipped nearly 9% despite strong December quarter profits, driven by investor concerns over escalating competition. Slower store expansion boosted profitability, but increased spending to accelerate quick commerce growth may impact future earnings. Analysts maintain ‘buy’ ratings but have trimmed target prices. by Soban News (international And National News)
