According to analyst consensus data compiled by INDmoney, several technology companies continue to attract positive analyst recommendations despite recent market volatility. Eternal Ltd leads the list with the highest upside potential of 25.90%, followed by Info Edge (India) at 14.30%, Firstsource Solutions at 13.17%, Mphasis at 11.52%, Coforge at 10.85%, and Tech Mahindra at 5.14%. All six companies maintain BUY analyst ratings across large-, mid-, and small-cap segments.
The Indian stock market faced significant pressure on Tuesday's trading session, with the BSE Sensex declining 561.46 points (0.72%) to settle at 77,054.94. The NSE Nifty dropped 158.95 points (0.66%) to end at 24,052.05. The decline was attributed to surging crude oil prices amid Middle East tensions, renewed concerns over higher interest rates, fresh foreign fund outflows, and a falling rupee that put additional pressure on market sentiment. Recent developments have intensified sector-wide caution about AI-related spending, with IBM's weak preliminary Q2 results highlighting softer client spending and a shift of budgets toward AI infrastructure, while Microsoft announced several thousand job cuts primarily in its Xbox division.
According to INDmoney data, Eternal Ltd has delivered the highest three-year return among the selected technology stocks at 245.49%. Firstsource Solutions follows with 99.59%, Coforge at 56.41%, Info Edge (India) at 26.15%, Tech Mahindra at 22.45%, and Mphasis at 15.50% over the past three years. The performance data indicates that while recent market conditions have been challenging, these technology stocks have demonstrated strong historical returns across different market cycles.
As reported by ET Now, the six technology stocks show varied current market prices and target price levels. Eternal Ltd trades at ₹285.95 with a target price of ₹360, Info Edge (India) at ₹1,189.90 with ₹1,360 target, Firstsource Solutions at ₹264.20 with ₹299 target, Mphasis at ₹2,371.75 with ₹2,645 target, Coforge at ₹1,533.60 with ₹1,700 target, and Tech Mahindra at ₹1,483.70 with ₹1,560 target. The price levels reflect the current market conditions and analyst expectations for future performance amid ongoing AI investment concerns.
