Eternal’s Nifty 50 weight rises to about 2.29%, overtaking TCS at roughly 2.08%
Eternal, the parent entity of Zomato, has moved ahead of Tata Consultancy Services (TCS) in the Nifty 50’s latest weight adjustment, with its weight rising to around 2.29% versus roughly 2.08% for TCS. The change comes even as TCS’s market capitalisation of around ₹7.5 lakh crore remains far above Eternal’s roughly ₹3.1 lakh crore, as Tata Sons’ close to 72% stake reduces TCS’s free float used in index calculations. Analysts also pointed to diverging market narratives, with TCS’s valuation reflecting expectations of muted growth while Eternal trades at more than 650 times trailing earnings on optimism around Blinkit’s expansion.