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Eternal's IPO investors sitting on 375% gains as stock hits new record high; from ₹76 price to ₹361, what changed?
Reported by: Livemint ·
Summary
Livemint reported that Eternal shares hit a record ₹372 on Wednesday before closing 1% lower at ₹361. Investors who bought in its IPO at ₹76 are sitting on gains of about 375%, the outlet said. The stock has risen 30% so far this year and is up 71% from its March low, which Livemint linked to improving profitability and growth at Blinkit. An IPO is a company's first sale of shares to the public, and the issue price is what buyers paid then. A record high means the highest price the stock has traded at since listing. A 375% gain means the share is worth about 4.75 times the IPO price. The 1% fall is the change on the day, not over the year. Blinkit is Eternal's quick-commerce business.
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Livemint · · Tone +2
Eternal's IPO investors sitting on 375% gains as stock hits new record high; from ₹76 price to ₹361, what changed?
Eternal shares hit a record ₹372 on Wednesday before closing 1% lower at ₹361. The stock has gained 30% so far this year and rebounded 71% from its March low, supported by improving profitability and growth in Blinkit.
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Key terms
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- IPO
An IPO is when a company sells its shares to the public for the first time. Learn about price bands, lot sizes, allotment, and why the "grey market premium" is not official data.
Learn: What is an IPO, and why GMP is unofficial
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