Eternal Market Update Shares of **Eternal Limited** faced intense selling pressure today, February 24, 2026, dropping **5.28%** to close at **₹254**. This sharp decline positions the stock as a primary drag on the Sensex, which struggled to maintain momentum amidst a volatile session. The stock reached an intraday low of **₹251.80**, marking a significant retreat from its 52-week high of **₹368.45**. Technical indicators confirm a weakening trend as the price has slipped below key short-term and long-term benchmarks. Eternal is currently trading below its **50-day EMA of ₹285** and its **200-day EMA of ₹278**, signaling a bearish crossover. The relative strength index (RSI) has dipped toward **41**, reflecting a shift in investor sentiment from optimistic to cautious. Q3 Performance and Growth Engines Despite the current market correction, the company’s Q3 FY26 earnings revealed significant operational scale. Consolidated revenue surged **201% year-on-year** to **₹16,315 crore**, while net profit grew **73%** to reach **₹102 crore**. Much of this top-line jump is attributed to a structural shift in the quick commerce accounting model. **Blinkit** continues to serve as the primary growth driver. The quick commerce arm achieved a critical milestone by reaching **Adjusted EBITDA breakeven** for the first time with a profit of **₹4 crore**. The segment added **211 stores** during the quarter, bringing the total network to **2,027 dark stores**. Management remains committed to a target of **3,000 stores** by March 2027. The food delivery vertical remains a stable contributor to the bottom line, with a net order value growth of **17%**. However, the **Going-out** segment reported widened losses of **₹121 crore** as the company aggressively invests in its new "District" platform and live events. Market Sentiment and Outlook Investor sentiment has been dampened by recent leadership changes. The transition of founder Deepinder Goyal from Group CEO to Vice Chairman on February 1, 2026, has introduced near-term uncertainty. The stock has now declined roughly **23%** from its October peaks. While analysts maintain a long-term bullish outlook with targets near **₹340**, immediate pressure persists due to rising competition in the instant delivery space and broader macro headwinds affecting the high-valuation tech sector. Current support is anticipated in the **₹240–₹250** zone. A failure to hold these levels could invite further technical selling toward the **₹230** mark. Conversely, a sustained move back above **₹280** is required to invalidate the current bearish setup.