Eternal Ltd Sees Surge in Trading Volume Amid Strong Market Activity

Eternal Ltd, a prominent player in the IT software industry, has emerged as one of the most active stocks today, with a total traded volume of 10,544,384 shares and a traded value of approximately Rs 250.42 crores. The stock opened at Rs 234.50 and reached a day high of Rs 240.50, closing at Rs 240.19, reflecting a 2.22% increase for the day. This performance has allowed Eternal to outperform its sector, which recorded a 1.02% return, and the broader Sensex, which saw a 0.42% increase.
Eternal has demonstrated consistent upward momentum, gaining for four consecutive days and achieving a total return of 4.53% during this period. The stock's current price is above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. Notably, investor participation has surged, with delivery volume on May 2 rising by 177.75% compared to the 5-day average. With a market capitalization of Rs 2,31,116.25 crores, Eternal maintains a solid liquidity profile, supporting trade sizes of up to Rs 13.84 crores. Overall, the stock's performance today reflects a robust activity level in the market.