INDIA, Nov. 25 -- The Indian e-retail food delivery sector is booming, driven by rapid urbanization and increasing smartphone usage. Valued at around USD 45 billion in 2024, it is expected to grow at a CAGR of over 20%, potentially reaching close to USD 140 billion by 2030. Increasing demand for convenience, diverse cuisines, and expanding tier 2 and 3 city penetration fuel this surge.

With a market capitalization of Rs 2,91,633.60 crore, the shares of Eternal Ltd were trading at Rs 302.15 per share, increasing around 0.40 per cent as compared to the previous closing price of Rs 300.95 apiece.

Stretched Valuation Eternal Ltd.'s valuation looks stretched, trading at an extremely high P/E of 1,583x. Compared to a normal market range of 15...