Bengaluru, May 26 -- Eternal shares are currently in the spotlight as they are expected to face outflows of approximately Rs 7,152 crore (around $840 million) following the recent announcement by FTSE. As a result, the stock has declined by 4%. Here's a closer look at the reasons behind this movement.
With a market capitalisation of Rs. 2,19,352 Crore, the stock opened at Rs. 234.65, which is close to yesterday's closing price. However, after opening, it made a low of Rs. 227.25, down 4.48 percent . Additionally, since listing the shares have given a return of 80 percent in 4 years.
Why Zomato shares fell today
Eternal (formerly Zomato) could see passive outflows totalling around $840 million (approximately Rs. 7,152 crore) it is due to...
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