India, Oct. 9 -- Shares of Eternal and Swiggy rose during the intraday trading on the BSE today after brokerage Citi raised the target price (TP) for both the companies.

Eternal touched a fresh 52-week high at INR 347.50 during the intraday trading after Citi raised the TP for the stock to INR 395 from INR 320 earlier.

The new TP is about 15% higher than the stock's closing price of INR 341.55 yesterday.

As per Citi, Eternal's quick commerce business Blinkit's growth momentum remains stellar and focus on user acquisition is visible in the rise in app-traffic, continued investment in dark store expansion and addition of new cities.

On the back of these factors, Blinkit has solidified its market leadership in recent quarters, driving up...