Infosys Stock Update: Share Price Slips 1.69% on Revised FY27 Guidance

Infosys (NSE: INFY) is currently trading lower in today's session, with its Last Traded Price (LTP) at ₹1,029.70, reflecting a 1.69% decline from its previous close of ₹1,047.40. The IT major opened the day at ₹1,028.00, briefly touching an intraday high of ₹1,042.60 before retreating to a low of ₹1,023.00. Trading volume stands at 6,861,360 shares, indicating active participation as investors react to recent corporate developments.

52-Week Context
While specific 52-week high and low data for INFY are not provided, today's decline places the stock significantly below its previous close. The current trading levels suggest a cautious sentiment prevailing among investors, pushing the stock towards the lower end of its recent trading range. This intraday movement indicates that the market is adjusting its valuation in light of new information rather than testing any established annual support or resistance levels without the explicit 52-week data.

Latest Developments
The primary drivers behind Infosys's current move stem from key announcements made after market hours yesterday and early this morning. The company reported its Q1 FY27 earnings, revealing a consolidated net profit rise of 12% year-on-year to ₹7,769 crore and revenue from operations increasing 14% year-on-year to ₹48,211 crore, broadly aligning with analyst expectations. However, the sequential net profit saw an 8.6% dip from the preceding March quarter.

The more impactful news, contributing to today's negative sentiment, is the company's decision to narrow its revenue growth guidance for FY27. Infosys now expects revenue growth to be between 1.5% and 3.0% in constant currency terms, a downward revision from its earlier forecast of 1.5% to 3.5%. This adjustment is largely attributed to cautious client spending, exacerbated by macroeconomic uncertainties and the transformative impact of AI on the technology services industry. This guidance cut was largely anticipated by analysts.

Adding to the day's corporate news, Infosys also announced Ashiss Kumar Dash as the CEO-designate, set to succeed Salil Parekh as CEO and Managing Director effective April 1, 2027. This internal succession ensures leadership continuity, with Parekh stepping down after completing his second term in March 2027. While the succession plan provides clarity, analysts like those at Centrum Broking and 360 ONE Capital have already revised down their target prices, with some suggesting that the stock may remain under pressure until investors gain greater insight into the new CEO's strategic roadmap. AI services, which constitute 8.2% of Infosys's Q1 revenue and are growing at a double-digit rate sequentially, represent a bright spot, with strong large deal wins totaling $3.6 billion. Despite this, the overall revenue growth outlook remains a concern.

Outlook
Investors will continue to monitor Infosys's performance closely throughout the session, particularly watching for further analyst commentary and any management insights into the revised guidance and the CEO transition plan. The broader IT sector's performance, given the prevailing AI-led productivity pressures and muted discretionary spending, will also influence INFY's trajectory for the remainder of the trading day.

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 24, 2026 09:39 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).