Goldman Sachs Bank Europe SE-ODI offloaded 1.08 crore shares of Eternal Ltd., the parent company of food delivery giant Zomato, in a block deal valued at Rs 355.32 crore on October 3, 2025, as per NSE data. The shares, representing a 0.11% stake, were sold at Rs 329 per share to BofA Securities Europe SA, aligning with Eternal’s closing price of Rs 328.20 that day, down 0.24%. For investors, market analysts, and foodtech enthusiasts searching Goldman Sachs Eternal shares Rs 355 crore, Zomato parent block deal 2025, or BofA Securities Eternal stake, this marks Goldman Sachs’ third Eternal stake sale in a month, following Rs 266.9 crore (8.2 crore shares) and Rs 31.6 crore (9.52 lakh shares) deals. With Eternal’s shares up 18.13% YTD and hitting a high of Rs 343.95 in September 2025, the sale reflects profit-booking amid a Rs 3.16 lakh crore market cap. The finance card above details Goldman Sachs’ stock performance (GS: $789.98, up 1.4% from $779.38 on October 3), signaling its active portfolio management.
Eternal’s Q1 FY26 saw a 70% revenue surge to Rs 7,167 crore but a 90% profit drop to Rs 25 crore, driven by quick commerce investments. Goldman Sachs retains a “Buy” rating, raising its price target to Rs 360.
Deal Context: Goldman Sachs’ Strategic Exits
This is Goldman Sachs’ third Eternal stake sale in 2025:
- October 1: 8.2 crore shares at Rs 325.50 to BofA Securities (Rs 266.9 crore).
- September 26: 9.52 lakh shares at Rs 332.25 to Morgan Stanley (Rs 31.6 crore).
- March 2025: Acquired Rs 120 crore stake, showing active trading.
Eternal’s 26% three-month stock gain and Blinkit’s 125% net order value growth in Q1 FY26 fueled optimism, despite profit pressures.
| Date | Shares Sold | Price (Rs) | Value (Rs Cr) | Buyer |
|---|---|---|---|---|
| Oct 3, 2025 | 1.08 Cr | 329.00 | 355.32 | BofA Securities |
| Oct 1, 2025 | 8.20 Cr | 325.50 | 266.90 | BofA Securities |
| Sep 26, 2025 | 9.52 Lakh | 332.25 | 31.60 | Morgan Stanley |
Market Impact: Eternal’s Growth vs. Profit Challenges
Eternal’s market cap of Rs 3.16 lakh crore surpasses Tata Motors and Titan, driven by Zomato and Blinkit. However, quick commerce competition and food delivery saturation cut Q1 FY26 profits by 90%. HSBC’s “Buy” call with a Rs 390 target highlights Blinkit’s edge over Swiggy Instamart.
- Goldman Sachs (GS): Per the finance card above, GS closed at $789.98 on October 3, with a 1.4% daily gain, reflecting strong portfolio adjustments.
- Eternal’s Outlook: 18% YTD stock rise; Goldman Sachs’ Rs 360 target signals 9% upside.
Conclusion: Goldman Sachs’ Profit-Taking in Foodtech
Goldman Sachs’ Rs 355 crore Eternal stake sale reflects strategic profit-booking in a buoyant foodtech market, as shown in the finance card above for GS’s stock context. Eternal’s growth trajectory, despite profit dips, keeps it a “Buy” for Goldman Sachs. For investors, it’s a signal of confidence tempered by competition—will Blinkit’s edge sustain the rally? The orders deliver. ET
