Zomato (Eternal Limited) share price touched fresh high in today's session as investors are still bullish on the stock. Eternal Limited shares closed 1.71 percent higher at Rs 317.70 after touching fresh highs at Rs 319.80. Technology stocks were in demand with Wipro leading the pack, followed by Infosys. Wipro share price gained 2 percent while Infosys closed 1.5 percent higher. Market sentiment was neutral in today's session as market participants are looking forward to news on India-US trade talks and possible reduction in tariffs on Indian goods by US government. US futures were also trading flat. Bitcoin touched fresh highs in today's session but selling was witnessed at higher levels. At the time of publication of this report, all major cryptocurrencies were trading with major decline. TopNews Team has reviewed technical levels for three stocks for traders and short term investors.

Infosys: Strategic Expansion Anchored in AI and Cloud

Infosys’s stock performance has reflected a moderate downtrend in recent months, with a 1-month return of approximately -7.81%, a 3-month return near -9.09%, and a 1-year decline edging close to -20.6%. Despite this volatility, the company remains a favored choice among analysts, with a significant majority rating it as Buy or Strong Buy. The consensus target price from 42 analysts settles at around INR 1470, indicating confidence in the stock’s medium-term prospects.

This optimism is underpinned by Infosys’s bold acquisition of a 75% stake in Australia’s Versent Group valued at AUD 233.25 million (over Rs 1300 crore). This deal, anticipated to finalize in the second half of FY26 pending regulatory approval, significantly bolsters Infosys’s presence in high-growth sectors—particularly cloud migration and AI services in the Australian market. It marks a deliberate pivot toward agentic AI platforms and digital transformation, signaling the company’s intent to lead responsibly in AI adoption where only 2% of firms currently meet responsible use standards despite 95% of executives acknowledging AI-related mishaps.

Further emphasizing its commitment to frontier technologies, Infosys inaugurated a center dedicated to advanced AI, cybersecurity, and space technology at its Hubballi development center. This initiative showcases its investment in innovation hubs critical for sustaining competitive edges.

While macroeconomic headwinds and heavy foreign institutional investor (FII) sell-offs have broadly impacted IT sector valuations, Infosys’s strategic focus suggests resilience. Investors and analysts alike watch closely as these expansionary moves aim to offset near-term volatility with long-term growth momentum.

Wipro: Resilience Amid Headwinds and Signs of Recovery

Wipro’s recent quarterly performance counters some skepticism, reporting consolidated revenue at Rs 22,135 crore and an 11% year-on-year increase in net profit to Rs 3,330 crore. This figure outpaced analyst forecasts and was propelled by large deal wins and enhanced operational efficiencies. Nonetheless, the investment community maintains a cautiously optimistic stance, grappling with overarching macroeconomic pressures and acute challenges such as limited availability of specialized AI talent.

Key brokerage reports from July 18, 2025, provide a mosaic of sentiment on Wipro’s trajectory:

ICICI Securities issues a Reduce rating with a target price of Rs 240

Emkay Global Financial also advises Reduce with a target price of Rs 280

Prabhudas Liladher remains neutral with a Hold rating at Rs 260

Deven Choksey recommends Accumulate with a target near Rs 279

Wipro’s CEO, Srinivas Pallia, notes continued client prioritization of productivity initiatives and early signs of discretionary project recoveries, injecting cautious optimism. The company’s proactive approach to wage hikes ahead of schedule aims to mitigate the high attrition rate, recorded at 15.1% over the last year, spotlighting internal efforts to stabilize its workforce.

Foreign institutional investors have persistently divested from Indian IT stocks through 2025, influencing market sentiment negatively. Yet, forecasts from multiple brokerages point toward anticipated revenue growth for Wipro in FY26 after two consecutive years of contraction. The company’s strategic focus on AI-driven growth and selective acquisitions positions it to capitalize on an expected rebound in the second half of the fiscal year.

Eternal Limited: Revenue Surge Meets Profitability and Debt Challenges

Eternal Limited has posted remarkable revenue growth with its share price oscillating near Rs 305-310 in mid-August 2025. The stock recorded over 1% gains in the last week and an impressive monthly advance exceeding 16%, outstripping broader market benchmarks such as the Sensex year-to-date by more than 10%. However, this robust topline growth belies underlying concerns involving high leverage, evident in its elevated Debt to EBITDA ratio, and continued negative operating profits that reflect ongoing financial strain.

A primary driver of Eternal’s growth is the swift ascendance of its quick-commerce unit, Blinkit. The unit’s successful shift toward an inventory-led model has propelled a striking approximately 70% year-on-year revenue increase in Q1, substantially raising the company’s market profile. Although profit margins have suffered, analysts remain divided: some foresee upside potential contingent upon sustained price levels above critical resistance, buoyed by optimism over Blinkit’s market share expansion and anticipated improvements from dark store network growth; others urge caution, recommending profit-taking until the stock definitively consolidates gains.

A significant institutional transaction occurred when Antfin Singapore Holding, linked with Ant Group, offloaded a 1.9% stake in Eternal at a discount, a move that temporarily pressured the share price. This block deal was coordinated by Morgan Stanley and BofA Securities, underscoring the strategic repositioning underway among major backers.

Institutional ownership remains high at nearly 69%, indicating sustained confidence in Eternal’s long-term prospects. Amidst foreign institutional and retail exits, mutual funds have notably increased their positions, supporting liquidity. Management retains an optimistic outlook, emphasizing its commitment to exploiting market opportunities in quick commerce and food delivery segments.

Strategic Takeaways for Investors

Infosys offers compelling exposure to cloud and AI growth frontiers, underscored by its significant acquisition in Australia and push toward responsible AI. The near-term stock volatility may offer strategic entry points for patient investors eyeing long-term value creation amid a recovering IT sector.

Wipro’s improving operational metrics and strong deal pipeline, coupled with a targeted wage strategy to manage attrition, suggest an inflection point is near. However, investor caution remains prudent given mixed analyst sentiment and macro challenges. Monitoring its second-half FY26 performance will be critical.

Eternal Limited represents a high-growth, high-risk proposition with rapid revenue expansion overshadowed by profit declines and leverage concerns. Institutional support and management’s confidence signal potential, but investors should weigh volatility and emerging market dynamics carefully.