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India's Eternal rises on addition to Jefferies' India model portfolio

ReutersFeb 3, 2026 5:31 AM

Shares of India's Eternal ETEA.NS jump 4.6% to 285.15 rupees

Jefferies adds Eternal to its model portfolio, citing a major boost to investor sentiment following the U.S.–India trade deal

U.S. President Donald Trump announced a trade deal that cuts tariffs on Indian exports to the U.S. to 18% from an effective 50%

Jefferies says deal addresses key overhang for foreign investors, with India underweight positioning among emerging-market funds and $34 bln in FPI outflows over the past 16 months

Brokerage says improved trade visibility could support the rupee and act as a positive trigger for FPI flows

Jefferies replaces Godrej Consumer Products GOCP.NS with Eternal, citing strong growth and margin improvement across quick commerce and food delivery

ETEA closed flat in 2025, stock down ~2% so far in 2026

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