Billionaire entrepreneur Deepinder Goyal, the man behind Eternal, has just witnessed a massive boost to his wealth — Rs 2,000 crore in just 2 days! Thanks to a sharp rally in Eternal's stock, investors are buzzing, and so is the market.

Let’s break down what happened.

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🚀 Blinkit Powers a Blazing Rally

Eternal's quick commerce platform, Blinkit, has become the center of attention. As the company posted explosive growth in this segment, Eternal shares shot up over 21% in two days, hitting a fresh all-time high of Rs 311.60 on the NSE.

This growth isn’t just good news for investors — it’s a jackpot for Deepinder Goyal. With a 3.83% stake in Eternal, his wealth has ballooned to Rs 11,515 crore, pushing his net worth to around $1.9 billion, according to the Forbes real-time billionaire list.

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📈 Eternal Becomes Bigger Than Giants

On July 22, Eternal crossed a major milestone by reaching a Rs 3 lakh crore market cap. That makes it more valuable than big names like Wipro, Tata Motors, Nestle, and Asian Paints. Not just that, even rival Swiggy benefited from the rally, gaining over 7% during the day.

Eternal's surge also lifted investor sentiment for Info Edge, which owns 12.38% in Eternal. The stock jumped over 3%, with Eternal’s stake now accounting for more than a third of Info Edge’s own market value.

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🧠 Brokerages Are Bullish — Rs 400 Target in Sight

Top brokerages are now racing to revise their target prices upward:

• Jefferies has upgraded Eternal to BUY, setting a bold new target of Rs 400, saying it previously overestimated competition.

• Goldman Sachs maintained its Buy rating, raising its target to Rs 340, noting Blinkit's 25% QoQ growth in gross order value (GOV) in Q1FY26.

• CLSA continues its high-conviction Outperform rating with a target of Rs 385, calling Blinkit’s rise above Zomato in NOV (Net Order Value) a "seismic shift" in the company’s business dynamics.

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🔍 What's Driving the Confidence?

Analysts agree: Eternal is not just a food delivery company anymore. It’s a leading player in the digital commerce space with immense potential:

• Only ~23 million monthly transacting users today means there's a long runway for growth.

• Blinkit is now bigger than Zomato in terms of NOV, which marks a fundamental change in the company’s revenue focus.

• Plans to expand to 3,000 Blinkit stores suggest long-term growth expectations remain high.

Even though Q1 was mixed, the management commentary was extremely positive, especially around quick commerce, a big shift from past quarters.

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💬 Final Thoughts

This week is a big win not just for Deepinder Goyal, but for investors betting on the future of quick commerce and food delivery in India. Eternal has proven that innovation, scalability, and strong market execution can drive massive value in a short time.

With Blinkit now leading the charge, the company is re-defining what success looks like in the digital economy.

Reference from:- https://economictimes.indiatimes.com/markets/stocks/news/rs-2000-crore-in-2-days-billionaire-deepinder-goyal-left-richer-after-eternal-rally/articleshow/122832453.cms?from=mdr