Infosys Stock Update: Share Price Slips 1.17% Ahead of Q1 Results

Infosys (NSE: INFY) is witnessing a continued downward trend in early trade today, with its share price trading at ₹1,039.80, a decline of 1.17% from its previous close of ₹1,052.10. The stock opened lower at ₹1,046.90 and has traded within a tight intraday range, hitting a high of ₹1,046.90 and a low of ₹1,032.00 so far. This morning's selling pressure extends yesterday's losses, when the stock closed 2% lower. Volume is building steadily at 1,686,856 shares as investors position themselves ahead of a major corporate announcement expected later today.

Infosys Shares Face AI-Led Pressure

\With the 52-week high and low data not immediately available in current feeds, today's move places Infosys in a sensitive spot, building on a challenging year for the IT major. The stock has faced significant pressure, already down over 34% year-to-date, reflecting broader market volatility and ongoing investor apprehension regarding the impact of AI on the traditional IT services business model. This intraday decline suggests the stock continues to trade well below its potential annual peaks, with crucial support levels being tested by current market sentiment. HDFC Bank Stock Update: Share Price Slips Further on Q1 Aftermath.

Infosys Earnings Keep Investors On Edge

The primary catalyst driving INFY's current intraday move is the impending announcement of its first-quarter FY27 results. Infosys is scheduled to release its earnings for the quarter ended June 30, 2026, around 3:45 p.m. Indian Standard Time (IST) today, July 23, 2026, followed by a press conference and an earnings call later in the evening.

Market participants are keenly awaiting these results, particularly focusing on the company's full-year revenue growth guidance for FY27. Brokerages remain largely divided on whether Infosys will maintain, raise, or trim its outlook, with many expressing caution. Expectations suggest that while the company might report double-digit year-on-year growth in revenue and profit for the June quarter, there's a strong possibility that it could lower the upper end of its FY27 revenue growth guidance by 50 basis points to 1.5–3.0% year-on-year in constant currency. This anticipated tempering of guidance stems from persistent weak discretionary demand, increasing AI-led pricing pressure, and general macroeconomic uncertainty in key markets like the US.

The broader Indian IT sector has also faced headwinds, with the Nifty IT index down approximately 25% year-to-date as of March, largely due to generative AI disruption fears and geopolitical risks. While some reports hint at a "turnaround" for the sector in mid-2026, driven by currency tailwinds and AI deal wins, the recovery is noted as gradual. The uncertainty around Infosys's guidance today is amplifying the existing cautious sentiment across the sector. Stocks To Buy or Sell Today, July 23, 2026: TVS Motor Company and TCS Among Shares That May Remain in Spotlight on Thursday.

Outlook

Investors will be closely watching the post-market earnings release and the management commentary during the subsequent press conference and analyst call for clarity on the company's outlook, particularly regarding demand environment, deal wins, and the impact of AI on margins. Any deviation from cautious expectations could trigger significant price action in the next trading session.

Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.

(The above story first appeared on LatestLY on Jul 23, 2026 09:37 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).