Zomato Rebrands to Eternal Limited: Stock Opened Higher at ₹216 Amid COO Exit

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Posted by : sachet | Wed Apr 09 2025

Zomato Rebrands to Eternal Limited: Stock Opened Higher at ₹216 Amid COO Exit

April 9 2025: Food delivery platform Zomato has officially rebranded itself as Eternal. Zomato share opened at ₹216.00 (up by 0.37%) on the NSE (National Stock Exchange). The closing price of Zomato (Eternal) was ₹215.19 in the last session on 8th April 2025.

The stock’s upward trend began earlier this week despite lingering uncertainties about the leadership and intense competition from Swiggy. Take a closer look at Zomato to learn about its market sentiment and investors’ confidence.

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Zomato Share Performance

On 8th April 2025, Zomato opened at ₹213.19 and closed at ₹215.19, making a 0.93% gain for the day. This increase was followed by the higher closing price of 7th April 2025. Today, on 9th April 2025, Zomato opened at ₹216.00 and is currently 2.35% up at ₹214.55. Against the significant backdrop of COO resignation, employee layoffs, and a fiercely competitive market, Zomato share continues to follow the upside trend for its new identity as Eternal.

Zomato to Eternal: All About Rebranding

The word “Eternal” represents the vision of Zomato to become more than just a food delivery platform. The new brand identity of Zomato aims to reflect consistency, longevity, and relevance across multiple customer categories. Rebranding also comes with some risks, but at such a scale, it requires not just excellent marketing but also internal alignment and user acceptance. Rebranding could be risky for the company, which is still navigating profitability pressures and increasing regulatory scrutiny.

Leadership Shakeup in Zomato: COO Exit

The resignation of Zomato’s Chief Operating Officer (COO) is accompanied by rebranding announcements. The official reason has not yet been revealed, but this leadership change has created suspense among investors for Zomato’s future outlook.

Such a resignation during a critical time, industry observers feel, could either halt momentum or invite a more agile, leaner style of leadership. In the weeks ahead, the reaction of mutual fund houses and institutional players will be extremely significant.

What Experts Says on Zomato Share?

Zomato (Eternal) was showing contradictory volume chart signals until mid-morning trading, with some institutional players’ cautious selling and speculative buying by retail investors. Support is found near ₹210, while the subsequent resistance level is approximated to be around ₹222.

For more accurate directional hints, retail investors are advised to keep an eye on earnings reports, leadership changes, and Blinkit vertical updates.

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