MORGAN STANLEY ON INTERNET

Reiterate Eternal as Top Pick Eternal-good execution, solid balance sheet, favorable industry growth tailwinds India's internet market cap index has corrected 8% from its end-Mar'26 peak Eternal outperformed Swiggy by 11% Shadowfax over Delhivery by 28% Paytm over Pine Labs by 14%

STANLEY LIFESTYLES LTD

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