{"id":321023,"date":"2026-10-21T15:49:53","date_gmt":"2026-10-21T10:19:53","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=321023"},"modified":"2026-10-21T15:49:53","modified_gmt":"2026-10-21T10:19:53","slug":"will-deepinder-goyals-temple-device-and-dark-ai-venture-impact-eternal-shares","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/will-deepinder-goyals-temple-device-and-dark-ai-venture-impact-eternal-shares\/","title":{"rendered":"Eternal Shares: Will Deepinder Goyal&#8217;s Temple Device and Dark AI Venture Move the Stock?"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Eternal shares closed at Rs 312.35 on NSE on 21 Oct 2026, down 2.45% from Rs 320.20, on the day Deepinder Goyal teased &#8216;Dark by Eternal&#8217; on X and a day after a report that his Temple wearable will open pre-orders on 1 Nov. Neither venture has disclosed revenue, funding terms or a financial link to the listed company, so the fall in Eternal shares cannot be tied to either announcement. At a price to book of 9.97, the stock already carries a lot of expected growth (my reading).<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Eternal shares are unlikely to be moved directly by the Temple device or the Dark AI venture in the near term, because neither has disclosed revenue, funding terms or a financial link to the listed company. Deepinder Goyal teased &#8216;Dark by Eternal&#8217; on X on 21 Oct 2026 without naming a product, while Temple, his wearable, is reported to open pre-orders on 1 Nov at a price he has indicated near $1,000. Eternal shares closed at Rs 312.35 on NSE, down 2.45% on the day, and trade at a price to book of 9.97 with a trailing P\/E of about 712. What can move Eternal shares is the September-quarter result and management commentary, so treat both ventures as sentiment and attention factors and not as earnings drivers.<\/p>\n<\/p><\/div>\n<p>Eternal shares face two new storylines at once: a wearable called Temple that Deepinder Goyal is building outside the day-to-day business, and a teaser for &#8216;Dark by Eternal&#8217; that he posted on X on 21 Oct 2026. The question for investors is whether either can change the earnings of the Zomato and Blinkit parent, and on the evidence available today the answer is not yet.<\/p>\n<p>This article on Eternal shares sets out what is confirmed and what is not about Dark and Temple, how each could reach the listed company, where Eternal shares stand on valuation and price, and what to watch next. It is educational and not a recommendation to buy or sell any share.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=will-deepinder-goyals-temple-device-and-dark-ai-venture-impact-eternal-shares\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/will-deepinder-goyals-temple-device-and-dark-ai-venture-impact-eternal-shares\/#Eternal_Shares_Today_Live_Snapshot\" title=\"Eternal Shares Today: Live Snapshot\">Eternal Shares Today: Live Snapshot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/will-deepinder-goyals-temple-device-and-dark-ai-venture-impact-eternal-shares\/#What_Is_Dark_by_Eternal_and_What_Do_We_Know\" title=\"What Is Dark by Eternal and What Do We Know?\">What Is Dark by Eternal and What Do We Know?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/will-deepinder-goyals-temple-device-and-dark-ai-venture-impact-eternal-shares\/#The_Temple_Device_and_Its_Link_to_Eternal_Shares\" title=\"The Temple Device and Its Link to Eternal Shares\">The Temple Device and Its Link to Eternal Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/will-deepinder-goyals-temple-device-and-dark-ai-venture-impact-eternal-shares\/#How_Temple_and_Dark_Could_Affect_Eternal_Shares\" title=\"How Temple and Dark Could Affect Eternal Shares\">How Temple and Dark Could Affect Eternal Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/will-deepinder-goyals-temple-device-and-dark-ai-venture-impact-eternal-shares\/#Eternal_Shares_Valuation_and_Technical_Check\" title=\"Eternal Shares Valuation and Technical Check\">Eternal Shares Valuation and Technical Check<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/will-deepinder-goyals-temple-device-and-dark-ai-venture-impact-eternal-shares\/#What_to_Watch_Next_for_Eternal_Shares\" title=\"What to Watch Next for Eternal Shares\">What to Watch Next for Eternal Shares<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/will-deepinder-goyals-temple-device-and-dark-ai-venture-impact-eternal-shares\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/will-deepinder-goyals-temple-device-and-dark-ai-venture-impact-eternal-shares\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/will-deepinder-goyals-temple-device-and-dark-ai-venture-impact-eternal-shares\/#Will_the_Temple_device_affect_Eternal_shares\" title=\"Will the Temple device affect Eternal shares?\">Will the Temple device affect Eternal shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/will-deepinder-goyals-temple-device-and-dark-ai-venture-impact-eternal-shares\/#What_is_Dark_by_Eternal\" title=\"What is Dark by Eternal?\">What is Dark by Eternal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/will-deepinder-goyals-temple-device-and-dark-ai-venture-impact-eternal-shares\/#Is_Temple_part_of_Eternal\" title=\"Is Temple part of Eternal?\">Is Temple part of Eternal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/will-deepinder-goyals-temple-device-and-dark-ai-venture-impact-eternal-shares\/#When_can_you_pre-order_Temple_and_what_is_the_price\" title=\"When can you pre-order Temple and what is the price?\">When can you pre-order Temple and what is the price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/will-deepinder-goyals-temple-device-and-dark-ai-venture-impact-eternal-shares\/#Is_Deepinder_Goyal_still_at_Eternal\" title=\"Is Deepinder Goyal still at Eternal?\">Is Deepinder Goyal still at Eternal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/will-deepinder-goyals-temple-device-and-dark-ai-venture-impact-eternal-shares\/#Why_did_Eternal_shares_fall_on_21_Oct_2026\" title=\"Why did Eternal shares fall on 21 Oct 2026?\">Why did Eternal shares fall on 21 Oct 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/will-deepinder-goyals-temple-device-and-dark-ai-venture-impact-eternal-shares\/#Are_Eternal_shares_expensive\" title=\"Are Eternal shares expensive?\">Are Eternal shares expensive?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/will-deepinder-goyals-temple-device-and-dark-ai-venture-impact-eternal-shares\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Eternal_Shares_Today_Live_Snapshot\"><\/span><strong>Eternal Shares Today: Live Snapshot<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Eternal shares: measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reading on 21 Oct 2026 (NSE close)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Last close of Eternal shares<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 312.35, down 2.45% from Rs 320.20<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day range<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 305.50 to Rs 324.55<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Volume<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 3.01 crore shares<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Change in 2026 so far<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up about 10.1% from Rs 283.80 on 1 Jan (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2026 high for Eternal shares<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 344.40 on 23 Sep<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">2026 low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 212.60 on 16 Mar<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Versus the 50-day average<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 323.91, so about 3.6% below it (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14-day RSI<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">39.4<\/td>\n<\/tr>\n<\/table>\n<p>Eternal shares fell 2.45% on a day when the Sensex ended down about 0.23% at 73,681.82, according to a market report I read, so the stock lagged the index. I found no company announcement or report that ties the fall to Dark or Temple, so I treat the cause as unconfirmed.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Track upcoming results and trending stocks on the Univest screeners page<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_Dark_by_Eternal_and_What_Do_We_Know\"><\/span><strong>What Is Dark by Eternal and What Do We Know?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Deepinder Goyal, who is vice chairman of Eternal, teased the project in a post on X on 21 Oct 2026 that showed &#8216;DARK BY ETERNAL&#8217; on computer screens with a message that it is coming soon. The teaser did not say what Dark does. The headline summary that accompanied this story says Dark is expected to help the Zomato and Blinkit parent with data mining of the market, leading to AI-based products, but that is one description of the intent and I did not find the company confirming it.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Question on Dark by Eternal<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What reports say<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Status<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Who announced it<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Goyal, on X, on 21 Oct 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reported<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">What it does<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated by the company; a headline summary mentions data mining and AI<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Unconfirmed<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Target users, pricing and revenue model<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not disclosed<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Unknown<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Link to Zomato, Blinkit, Hyperpure or District<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not disclosed<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Unknown<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Launch date<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Described only as coming soon<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Unknown<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Link to the listed company<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The teaser came as Eternal prepares its September-quarter results; no financial link is shown<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not established<\/td>\n<\/tr>\n<\/table>\n<p>A name that carries the Eternal brand suggests the project sits inside the group, but a brand teaser is not a disclosure of capital, headcount or revenue. Until Eternal files details with the exchanges, Eternal shares have nothing numeric to price from Dark.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Temple_Device_and_Its_Link_to_Eternal_Shares\"><\/span><strong>The Temple Device and Its Link to Eternal Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Temple is a bean-shaped wearable, named after the part of the forehead where it is worn, that Goyal says measures the body&#8217;s metabolic state in real time. A Mint report with a 20 Oct dateline says pre-orders open on 1 Nov 2026 through an email to people who registered early, with deliveries to be completed by the end of 2026. Its optical sensors track brain blood flow, and it gives an &#8216;entropy&#8217; score from 1 to 250 for physiological strain. It uses adhesive single-use tapes called Grips, which are expected to last about 7 days although the company suggests replacing them every 2 to 3 days.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Temple detail<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What is reported<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Product type<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Wearable wellness device for research and wellness, not for medical diagnosis<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">No official price; Goyal reportedly indicated about $1,000 (about Rs 1 lakh), and an earlier estimate was near Rs 72,000<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Pre-orders<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Open 1 Nov 2026, with deliveries by the end of 2026, per the email reported by Mint<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Colours<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Six launch colours, three of them also listed as limited editions<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Partnerships<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Research tie-up with the Sri Sri Institute for Advanced Research of Art of Living to study meditation using entropy; acquisition of London longevity venture Longevous, per a YourStory newsletter dated 14 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Funding<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A TechCrunch headline from 27 Feb 2026 refers to a $54 million brain-monitoring bet; I read only the headline<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Ownership versus Eternal<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not stated; YourStory calls it his wearable health technology venture and Mint says it is associated with him<\/td>\n<\/tr>\n<\/table>\n<p>The key point for Eternal shares is ownership. None of the pages I read say whether Temple is a subsidiary of the listed company, a separate private company or a personal venture, and Goyal stepped down as Group CEO and managing director effective 1 Feb 2026, with Albinder Dhindsa taking over. If Temple is separate, Eternal shares get no revenue or loss from it. That is my reading of the available facts, and a filing from Eternal would settle it.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Eternal shares and build a watchlist.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Temple_and_Dark_Could_Affect_Eternal_Shares\"><\/span><strong>How Temple and Dark Could Affect Eternal Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Channel to the stock<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Possible effect<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Evidence today<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Temple sales would help the stock only if Temple sits inside the group<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">None found; ownership not stated<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Costs<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dark development spend could weigh on profit if booked in the listed company<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">No spend disclosed<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Data and AI capability<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Better use of data could help Blinkit, Zomato and Hyperpure over time<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A headline claim, not confirmed<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Management attention<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Goyal is vice chairman while Dhindsa runs operations, so day-to-day impact looks limited (my reading)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Leadership change effective 1 Feb 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sentiment<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Founder announcements can lift or hurt the stock in the short term<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">No clear link on 21 Oct<\/td>\n<\/tr>\n<\/table>\n<p>Eternal shares hit a 2026 high of Rs 344.40 on 23 Sep and have eased about 9.3% from it (my calculation) without any new filing about Dark or Temple. That suggests the stock is trading on quick commerce numbers and the broader market more than on side ventures, though I cannot prove that from the data.<\/p>\n<p><strong>Risk:<\/strong> The biggest risk is reading a brand teaser as a business plan. Dark has no disclosed financials, Temple has no medical regulatory approval, and Eternal shares already trade at 9.97 times book value.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Eternal_Shares_Valuation_and_Technical_Check\"><\/span><strong>Eternal Shares Valuation and Technical Check<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Eternal shares: valuation measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reading<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market capitalisation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 3,09,245 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Trailing P\/E<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">712.11 against an industry P\/E of 121.17<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Earnings per share (trailing)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 0.45<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to book<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">9.97, with a book value of Rs 32.14<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1.18%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt to equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.15<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dividend yield<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.00%<\/td>\n<\/tr>\n<\/table>\n<p>The 712 trailing P\/E reflects a tiny earnings base of Rs 0.45 per share, so it says little by itself (my reading), and the 1.18% return on equity shows how much of the price of Eternal shares rests on future profit. On the chart, the RSI of 39.4 is not oversold, and the close sits below the 50-day average of Rs 323.91, so the trend is soft and not broken.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_for_Eternal_Shares\"><\/span><strong>What to Watch Next for Eternal Shares<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>The date and numbers of the September-quarter results, especially Blinkit, food delivery and Hyperpure (I could not confirm the date)<\/li>\n<li>Any exchange filing about Dark by Eternal or about the link between Eternal and Temple<\/li>\n<li>Temple pre-orders from 1 Nov and the final price<\/li>\n<li>Whether the stock holds above the Rs 305.50 low of 21 Oct and reclaim the 50-day average near Rs 323.91<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Eternal shares are being asked to price two stories that have no disclosed numbers. Dark is a teaser, Temple is a wearable with no stated ownership link to the listed company, and the 2.45% fall on 21 Oct has no confirmed cause. Until Eternal discloses details, the September-quarter result and quick commerce growth are the better guides to Eternal shares than either venture.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Will_the_Temple_device_affect_Eternal_shares\"><\/span><strong>Will the Temple device affect Eternal shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Not directly, as far as the reports show. None of the pages I read say that Temple is a subsidiary of the listed company, so its sales or losses may never reach Eternal shares. It could matter indirectly if it takes management time or if Eternal later discloses a stake, so watch for an exchange filing before drawing a link.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Dark_by_Eternal\"><\/span><strong>What is Dark by Eternal?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Dark by Eternal is a project that Deepinder Goyal teased on X on 21 Oct 2026 with the message that it is coming soon. The company has not disclosed its features, users, pricing or revenue model. One headline summary says it may help with data mining and AI, but that is not a confirmed description.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Temple_part_of_Eternal\"><\/span><strong>Is Temple part of Eternal?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The sources I read do not say. YourStory describes Temple as the wearable health technology venture of Goyal, and Mint says the device is associated with him. Whether it is held by the listed company or separately is not stated, so only an Eternal filing can confirm it.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_can_you_pre-order_Temple_and_what_is_the_price\"><\/span><strong>When can you pre-order Temple and what is the price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Mint reports, citing an email to early registrants, that pre-orders open on 1 Nov 2026 with deliveries by the end of 2026. There is no official price. Goyal reportedly indicated about $1,000, roughly Rs 1 lakh, while an earlier estimate was near Rs 72,000.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Deepinder_Goyal_still_at_Eternal\"><\/span><strong>Is Deepinder Goyal still at Eternal?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes, but in a different role. He stepped down as Group CEO and managing director effective 1 Feb 2026 and is now vice chairman, while Albinder Dhindsa became CEO. That split is why I treat his side ventures as having limited day-to-day impact on Eternal shares.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_Eternal_shares_fall_on_21_Oct_2026\"><\/span><strong>Why did Eternal shares fall on 21 Oct 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Eternal shares closed at Rs 312.35, down 2.45%, after trading between Rs 305.50 and Rs 324.55. I found no company news or report that explains the fall, and it came on a choppy day for the market, so the cause is unconfirmed and should not be linked to Dark or Temple without evidence.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_Eternal_shares_expensive\"><\/span><strong>Are Eternal shares expensive?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> On trailing numbers they look expensive, with a P\/E of 712.11 against an industry P\/E of 121.17 and a price to book of 9.97. The trailing earnings per share is only Rs 0.45, so the P\/E is distorted, and valuation here depends on future profit growth. Compare it with your own risk limit.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Will the Temple device affect Eternal shares?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Not directly, as far as the reports show. None of the pages I read say that Temple is a subsidiary of the listed company, so its sales or losses may never reach Eternal shares. It could matter indirectly if it takes management time or if Eternal later discloses a stake, so watch for an exchange filing before drawing a link.\"}},{\"@type\":\"Question\",\"name\":\"What is Dark by Eternal?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Dark by Eternal is a project that Deepinder Goyal teased on X on 21 Oct 2026 with the message that it is coming soon. The company has not disclosed its features, users, pricing or revenue model. One headline summary says it may help with data mining and AI, but that is not a confirmed description.\"}},{\"@type\":\"Question\",\"name\":\"Is Temple part of Eternal?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The sources I read do not say. YourStory describes Temple as the wearable health technology venture of Goyal, and Mint says the device is associated with him. Whether it is held by the listed company or separately is not stated, so only an Eternal filing can confirm it.\"}},{\"@type\":\"Question\",\"name\":\"When can you pre-order Temple and what is the price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Mint reports, citing an email to early registrants, that pre-orders open on 1 Nov 2026 with deliveries by the end of 2026. There is no official price. Goyal reportedly indicated about $1,000, roughly Rs 1 lakh, while an earlier estimate was near Rs 72,000.\"}},{\"@type\":\"Question\",\"name\":\"Is Deepinder Goyal still at Eternal?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes, but in a different role. He stepped down as Group CEO and managing director effective 1 Feb 2026 and is now vice chairman, while Albinder Dhindsa became CEO. That split is why I treat his side ventures as having limited day-to-day impact on Eternal shares.\"}},{\"@type\":\"Question\",\"name\":\"Why did Eternal shares fall on 21 Oct 2026?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Eternal shares closed at Rs 312.35, down 2.45%, after trading between Rs 305.50 and Rs 324.55. I found no company news or report that explains the fall, and it came on a choppy day for the market, so the cause is unconfirmed and should not be linked to Dark or Temple without evidence.\"}},{\"@type\":\"Question\",\"name\":\"Are Eternal shares expensive?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"On trailing numbers they look expensive, with a P\/E of 712.11 against an industry P\/E of 121.17 and a price to book of 9.97. The trailing earnings per share is only Rs 0.45, so the P\/E is distorted, and valuation here depends on future profit growth. Compare it with your own risk limit.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Eternal shares closed at Rs 312.35 on 21 Oct. What is known about Dark by Eternal and Deepinder Goyal&#8217;s Temple device, the ownership question, valuation and what to watch next.<\/p>\n","protected":false},"author":35,"featured_media":321022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[7666,14025,14026,7665,13656,14024,14027,797],"class_list":["post-321023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blinkit","tag-dark-by-eternal","tag-deepinder-goyal","tag-eternal-ltd","tag-eternal-share-price","tag-eternal-shares","tag-temple-wearable","tag-zomato"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["321022"],"rank_math_title":["Eternal Shares: Temple Device and Dark by Eternal Impact"],"rank_math_description":["Eternal shares closed at Rs 312.35 on 21 Oct. 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