Everlasting block deal: Goldman Sachs offloads Rs 355 cr value of shares, BofA Securities steps in as purchaser

Goldman Sachs on Friday bought over 1 crore shares of meals ship and fast commerce firm Everlasting Restricted for Rs 355.32 crore the place the customer was BOFA Securities. The shares have been bought at a worth of Rs 329 apiece, flat over the Wednesday closing worth.

Immediately Everlasting shares closed at Rs 328.20 on the NSE, sliding marginally at Rs 0.80 or 0.24% over the earlier closing worth.

On September 22, Everlasting shares hit their all-time excessive of Rs 343.90. Everlasting shares are at the moment buying and selling above their 50-day and 200-day easy transferring averages (SMAs) of Rs 319.3 and Rs 259.3 in keeping with Trendlyne knowledge.

The rally has come amid excessive volatility with 1-year beta of 1.3, the Trendlyne knowledge recommended. The inventory has delivered 20% returns over a 1-year interval outperforming headline indices Nifty and BSE Sensex, whose returns are over unfavorable 3%.

Lately, worldwide brokerage HSBC has reiterated its ‘Purchase’ name on Everlasting, elevating its goal worth to Rs 390 per share from Rs 340, citing clear scale and profitability management in each meals supply and fast commerce.

Additionally Learn: BNP Paribas acquires Rs 1,806 crore value stakes in Nifty shares Hero MotoCorp and IndusInd Financial institution by way of bulk dealsEternal, which consolidates Zomato and Blinkit, continues to outperform rival Swiggy on each operational and monetary metrics. In fast commerce, Blinkit’s internet order worth (NOV) surged by 125% year-on-year in Q1 FY26, far forward of Swiggy’s Instamart, which rose by 75%.Everlasting (previously Zomato) lately reached one other milestone in its market journey, surpassing Tata Motors and Titan in market capitalisation. The corporate’s market worth now stands at Rs 3.16 lakh crore, above Tata Motors’ Rs 2.63 lakh crore and Titan’s Rs 3.06 lakh crore.

The meals supply firm had reported a 90% year-on-year (YoY) drop in consolidated internet revenue for Q1FY26, at Rs 25 crore in comparison with Rs 253 crore in the identical quarter final 12 months. The income from operations of Rs 7,167 crore, up 70% from Rs 4,206 crore a 12 months in the past.

The sharp decline in revenue was on account of the persevering with investments in fast commerce section and going-out.

The corporate additionally reported a 15% YoY leap in its Q1FY26 bills to Rs 2,137 crore, primarily below heads comparable to ‘Supply and associated costs’ and ‘Commercial and gross sales promotion’.

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