Whalesbook
Leadership Transition at Eternal Limited (Formerly Zomato)
Eternal Limited, the parent company of Zomato and Blinkit, announced a pivotal leadership change. Deepinder Goyal, the founder and Group CEO, has tendered his resignation from his top executive role, which will be effective from February 1, 2026. Goyal intends to transition to the role of Vice Chairman, subject to shareholder approval, to pursue new ventures involving higher-risk exploration and experimentation outside the core strategy of a public company. Albinder Singh Dhindsa, currently the CEO of Blinkit, is set to assume the position of Group CEO. This announcement follows Eternal Limited's recent Q3 FY25-26 financial results, which reported a consolidated net profit of ₹102 crore, marking a 72.9% year-over-year increase, with revenue from operations reaching ₹16,315 crore. The company's market capitalization stands at approximately ₹2.73 lakh crore, with a Price-to-Earnings (P/E) ratio around 1491.58.
Market Opens Higher Amidst Sectoral Strength
The benchmark S&P BSE Sensex commenced Thursday's trading session on a positive note, opening higher by 550 points, or 0.67 percent, in pre-opening activity. This upbeat start was mirrored across various sectors. The metals sector saw a gain of 0.54 percent, the power sector advanced by 0.57 percent, and the auto sector climbed by 0.78 percent during the pre-opening session. This broad-based positive sentiment set a constructive tone for the market at the day's commencement.
Notable Stock Movements in Pre-Opening
In the pre-opening session, several stocks registered significant gains. CSB Bank Limited emerged as a top performer, surging by 7.74 percent to trade around ₹504.40 apiece. As of January 19, 2026, CSB Bank's market capitalization was reported between ₹8,135 crore and ₹8,722 crore, with a P/E ratio in the range of 13.65 to 14.12. While the source indicates no significant recent corporate announcements driving its price, the company has a board meeting scheduled for January 28, 2026, to discuss quarterly results.
Voltamp Transformers Ltd also experienced a notable uptick, climbing 6.02 percent to approximately ₹7,184.00. Current market data places its market capitalization between ₹6,858 crore and ₹7,005 crore, with a P/E ratio between 21.32 and 24.5. Similar to CSB Bank, no substantial recent announcements were cited as direct catalysts for Voltamp's price movement. The company is noted for its zero debt status and consistent profit growth.
Eternal Limited, the firm at the center of the leadership news, also saw its share price gain 5.86 percent in pre-opening trading, reaching approximately ₹300.00.