Infosys Stock Update: Share Price Soars Over 4%

Infosys (INFY) shares are experiencing a significant upward momentum in today's trading session, currently standing at ₹1,028.70, a notable surge of 4.40% from its previous close of ₹985.30. The stock opened higher at ₹1,006.40 and has maintained its positive trajectory, hitting an intraday high of ₹1,029.80, while its low for the day was recorded at ₹1,006.00. This strong move is accompanied by a robust volume of 4,022,627 shares, indicating active participation from traders.

While specific 52-week high and low data for today is not available, this current surge is particularly noteworthy given Infosys's recent performance. The stock had, as recently as July 1, 2026, slipped below the ₹1,000 mark for the first time since September 2020, closing at ₹986.90 apiece. This marked a prolonged downtrend for the company, with shares losing nearly 40% of their value in 2026, erasing over ₹2.53 lakh crore from its market capitalization. The broader Nifty IT index has also been under intense selling pressure, hitting multi-year lows due to a confluence of factors including fears of AI-led disruption and weak global IT spending. Today's strong rebound brings the stock comfortably back above the psychologically important ₹1,000 level, suggesting a potential short-term reversal or strong buying interest after the recent deep correction. On July 1, there was indeed some speculative options activity, with call contracts traded near the ₹1,100 strike, hinting at some directional bets on an upside move. Tata Consultancy Services Stock Update: Shares Jump 2.95% Ahead of Q1 Earnings.

In the past 24-48 hours, there has been no specific corporate announcement, major analyst upgrade, or significant positive sector news directly attributed to driving today's sharp rally in Infosys shares. The overarching sentiment in the Indian IT sector has been predominantly cautious, with analysts from Nomura expecting subdued near-term growth due to macroeconomic uncertainty and weak technology spending ahead of Q1 earnings season. Concerns around AI-led disruption impacting the traditional outsourcing model, cautious management guidance, and sustained foreign institutional investor (FII) selling have weighed heavily on IT stocks. Given this backdrop, today's impressive intraday move appears to be a strong counter-trend rally. It could be fueled by a combination of factors, including short covering by traders unwinding bearish positions and fresh buying emerging from investors who perceive the stock as undervalued after its steep decline. Despite the stock's recent weakness, Infosys maintains healthy fundamentals, reporting $20.16 billion in annual revenue and securing new deals worth $14.9 billion in FY2026.

Investors will be closely watching for any fresh triggers or further news regarding the IT sector's demand environment. The next major event on the horizon for Infosys is its Q1 FY27 earnings announcement, scheduled for July 23, 2026, which is expected to be a pivotal point for reassessing the company's future trajectory and management's outlook. For the remainder of the session, the ability of INFY to sustain current levels and potentially push towards its intraday high of ₹1,029.80 will be key.

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 02, 2026 09:31 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).