Shares of Eternal, the parent company of Zomato and Blinkit, soared nearly 15% on Tuesday after it reported strong quarterly revenue, reinforcing investor confidence in its fast-growing quick-commerce arm. Eternal shares soared to fresh 52-week highs on Tuesday, jumping 14.89% to Rs 311.60 on the BSE and rising 14.55% to Rs 311.25 on the NSE. The stock had already gained nearly 6% on Monday and was the top performer among both Sensex and Nifty firms in early trade.Rival Swiggy also saw a 5.3% rise in its share price during the session.“Eternal once again surprised us positively on Blinkit. This time though, the surprise was more on management commentary than the reported numbers, as it was quite a contrast to the cautious tone post 4QFY25 results,” PTI reported, quoting a report by JM Financial Institutional Securities Limited.Blinkit, known for its 10-minute deliveries, from daily essentials to high-end gadgets, stood out this quarter, overtaking Zomato in growth for the first time. Blinkit reported a 127% year-on-year rise in net order value to Rs 9,203 crore, beating growth in the core food delivery segment.Following the results, at least ten brokerages raised their price targets on the stock, while four upgraded their ratings. The median price target now stands at Rs 311, up from Rs 287.5 a month ago, according to LSEG data.Despite rising costs, Eternal’s performance, especially Blinkit’s momentum, has boosted confidence among investors and analysts, signaling a promising growth trajectory in the quick commerce space.The sharp rally came after Eternal posted a consolidated net profit of Rs 25 crore in the June quarter. While this is lower than the Rs 253 crore profit reported a year ago, the company’s revenue from operations surged to Rs 7,167 crore from Rs 4,206 crore. Expenses also rose to Rs 7,433 crore from Rs 4,203 crore.