Eternal share price falls despite strong Q1 results. Is it a stock to buy today?

Eternal reported a 268% year-on-year rise in consolidated net profit to Rs 92 crore for Q1FY27, though profit declined 47.1% sequentially from the previous quarter. Revenue from operations surged 182% YoY and 16.9% QoQ to Rs 20,211 crore, driven primarily by the transition to the 1P model in its quick commerce business. Despite the strong results, shares fell up to 0.40% in early trade, while brokerages Motilal Oswal and JM Financial maintained buy ratings with target prices of Rs 400, implying about 40-41% upside.