Mumbai and Bengaluru, Jan. 22 -- Eternal is entering its first major post-founder leadership test after Deepinder Goyal stepped down as chief executive officer, a move that has prompted caution among analysts about its impact on stock performance.

Eternal's shares, after touching a high of 7% in early trade, on the back of a good performance in the October-December quarter, slipped 2% to Rs.278 apiece later in the day, even as the benchmark index Sensex rose 0.8%.

The parent company of food delivery platform Zomato and quick commerce service Blinkit, which went public in July 2021, announced on Wednesday that Goyal would step down as CEO and take up the role of vice chairman, starting 1 February. Albinder Singh Dhindsa will succeed Goya...