MUMBAI — Shares of Infosys fell sharply on Tuesday, hitting their lowest level in more than six years during intraday trading, as concerns over growth prospects weighed on investor sentiment.
The stock declined as much as 3 percent to Rs 1,215.15 on the BSE, slipping below its previous low of Rs 1,215.45 recorded in April 2023. The drop marks its weakest level since December 2020.
Infosys has faced sustained selling pressure in recent months. So far in 2026, the stock has fallen about 25 percent, significantly underperforming the Nifty 50, which is down 11.4 percent over the same period.
The decline reflects growing concerns about the company’s revenue outlook amid an uncertain demand environment, particularly in the global technology sector.
The selloff has also taken a toll on Infosys’ market capitalization, which fell below Rs 5 trillion during the session, dropping to around Rs 4.93 trillion. However, by early afternoon trading, the stock recovered slightly to Rs 1,234, down 1.3 percent from its previous close, with its valuation hovering near the Rs 5 trillion mark.
Recent performance trends underscore the broader weakness in the stock. Infosys shares are down 4.69 percent over the past five days and more than 11.3 percent over the past month. Over the past six months, the stock has declined nearly 19 percent, while year-to-date losses exceed 24 percent. On a one-year basis, the stock is down more than 22.5 percent.
The company is scheduled to hold a board meeting on April 22 and 23, where it will consider and approve audited financial results for the quarter and full year ending March 31, 2026. The board is also expected to discuss a recommendation for a final dividend for the financial year. (Source: IANS)
