Info Edge India shares saw a surge following Eternal’s earnings report. Eternal, parent company of Zomato and Blinkit, witnessed a rise in share value. This increased the value of Info Edge’s stake in Eternal. The stake is now more than a third of Info Edge’s market capitalization. Eternal’s Q1 report showed a profit decline but revenue growth.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets