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Eternal shares took centre stage on Dalal Street on Thursday amid market buzz about a likely block deal in the food delivery platform's stock. The Eternal stock rose 1.0 per cent for the day, ending at Rs 301.8 apiece on BSE, and was among the top three contributors to the gains in main indices. At the end of trade, 3.04 crore Eternal shares changed hands for the day on BSE, translating to 18.56 times more volumes than the daily average recorded in the past two weeks, provisional exchange data showed.
On NSE, the stock ended 1.5 per cent higher at Rs 303.2 apiece. The value of the traded equity stood at Rs 11,475.1 crore, 3.9 per cent of the company's mcap, according to exchange data.
In a separate development, Eternal said it had recieved an order from the Lucknow office of the UP state authorities demanding GST worth Rs 67.25 lakh with interest and a penalty of the same amount over short payments of "output tax and excess availment of input tax credit with interest and penalty".
According to Eternal, it has a strong case on the merits and that it is not expecting any financial impact on it.
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