Infosys Stock Update: Share Price Slips Amidst Guidance Cut Fears
Infosys (INFY) share price trades at ₹1,006.70, down 0.86% intraday, as analysts anticipate Q2 revenue guidance cut and broader IT sector weakness persists.
Infosys shares are trading lower in Wednesday's intraday session, currently at ₹1,006.70. The stock opened marginally higher at ₹1,004.00 before touching an intraday high of ₹1,007.10, but has since retreated, testing lows of ₹993.20. This puts INFY down 0.86% from its previous close of ₹1,015.40. Volume for the session so far stands at 995,496 shares, appearing subdued as investors await clearer directional cues amidst prevailing market uncertainties. HDFC Bank Stock Update: Share Price Slips 1.24% on Lawsuit Reminders.
| INFY – Stock Updates as of (9:25AM, 30 Sep 2026) | |||
|
LTP
₹1,006.70 |
Open
₹1,004.00 |
High
₹1,007.10 |
Low
₹993.20 |
|
52W High
₹0.00 |
52W Low
₹0.00 |
Volume
995,496 |
% Chg
-0.86% |
52-Week Context
Today's price action places Infosys precariously close to its 52-week low of ₹980.40, a level it tested as recently as yesterday. The stock's current performance is a stark contrast to its 52-week high of ₹1,728.00, underscoring a significant erosion in shareholder wealth over the past year. The prolonged downtrend has seen Infosys shares plunge to levels last observed in October 2020, highlighting deep-seated concerns over the IT sector's growth trajectory.
Latest Developments
The primary catalyst weighing on Infosys today stems from widespread expectations that the IT major is set to lower its FY27 revenue growth guidance when it announces its second-quarter results on October 23, 2026. Brokerages like Kotak Institutional Equities anticipate a narrowing of the company's constant-currency revenue growth forecast to 1.5%-2.5% from the earlier 1.5%-3.0%. Citi projects an even more conservative range of 1%-2%, attributing the potential reduction to muted organic growth and increasing AI-led deflation. While strategic acquisitions are expected to provide some cushion to reported growth figures, the underlying organic growth remains a concern for large Indian IT services companies.
This company-specific apprehension is compounded by a broader bearish sentiment gripping the Indian IT sector. The Nifty IT index has severely underperformed in September, plummeting nearly 12%, as factors such as US policy uncertainty, higher H-1B visa fees, remittance levies, and persistent margin pressure continue to impact valuations. Furthermore, the transformative, yet disruptive, influence of generative AI is seen as a structural concern, potentially reducing demand for traditional labour-intensive services. Infosys is proactively addressing this shift, with reports indicating plans to transition up to one-third of its 320,000 employees into specialist AI roles and create a dedicated team of 6,000 frontier engineers. This strategic pivot aims to navigate the evolving billing models influenced by AI and leverage the extensive AI training already provided to over 270,000 employees. However, analysts remain cautious, with Citi retaining a Neutral rating on Infosys but adjusting its target price lower to ₹1,030, citing ongoing sector challenges and a recent re-rating.
Outlook
Investors will closely monitor global macroeconomic indicators and upcoming commentary from industry leaders. The immediate focus remains squarely on Infosys's Q2 FY27 earnings announcement and the revised guidance, which will likely dictate the stock's near-term trajectory.
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 Sep 30, 2026 09:24 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
