Infosys Stock Update: Share Price Rises 1.31% on Rupee Weakness
Infosys (INFY) share price climbs over 1% to ₹1,004.95 intraday, driven by a weakening Indian Rupee and positive exporter sentiment ahead of Q2 earnings.
Infosys (NSE: INFY) is currently trading with positive momentum, with its shares quoting at ₹1,004.95, marking a gain of 1.31% from its previous close of ₹992.00. The IT bellwether opened the session at ₹1,002.00, climbing to an intraday high of ₹1,012.65 before retracing slightly, while managing to stay well above its intraday low of ₹996.15. The upward movement is accompanied by a significant trading volume of 2,606,122 shares, indicating active investor interest in the counter today.
| INFY – Stock Updates as of (9:35AM, 08 Oct 2026) | |||
|
LTP
₹1,004.95 |
Open
₹1,002.00 |
High
₹1,012.65 |
Low
₹996.15 |
|
52W High
₹0.00 |
52W Low
₹0.00 |
Volume
2,606,122 |
% Chg
+1.31% |
52-Week Context
While the live intraday market data provided for INFY's 52-week high and low is currently unavailable (N/A), recent reports indicate that the stock has been trading near its 52-week low of around ₹980 on the NSE. Today's upward move sees the stock attempting to distance itself from these lower annual levels, though it remains considerably below its 52-week high of ₹1,728, recorded on the NSE. HDFC Bank Stock Update: Share Price Slips Amid Legal Woes.
Latest Developments
The primary catalyst driving Infosys's current intraday gains appears to be the depreciation of the Indian Rupee against the US Dollar. The Reserve Bank of India (RBI) recently raised the repo rate by 25 basis points to 5.5% on Wednesday, October 7, leading to a weakening of the Indian currency, which slipped to 97.15 against the benchmark US dollar. A weaker rupee is generally beneficial for Indian IT exporters like Infosys, as their substantial foreign currency earnings translate into higher revenues in INR terms.
In the broader IT sector, analysts anticipate a potentially subdued second quarter for FY27 due to ongoing global economic uncertainties and cautious client spending. However, there's also an emerging sentiment that the sector is poised for gradual growth improvement as technology budgets normalize, with Artificial Intelligence (AI) creating new multi-year spending opportunities. Infosys itself has been actively engaging in AI-focused collaborations, including a strategic partnership with Columbia University announced on October 1, to advance AI-first innovations for enterprise clients. Separately, CoreWeave's announcement on October 7 of its entry into India to expand its AI Cloud platform highlights the growing demand for AI infrastructure in the region, which could indirectly benefit IT service providers.
Analyst sentiment for Infosys remains varied. As of October 7, some brokerages maintain 'hold' or 'add' ratings, with target prices reaching up to ₹1,445. However, other research from the same day indicates an average "Reduce" rating from eleven analysts, with an average 12-month price target of $11.45 (around ₹950-₹960 at current exchange rates) for its NYSE-listed ADR.
Outlook
Investors will be closely watching further movements in the Indian Rupee, global economic cues, and any broader sector-specific updates for directional clarity. The company's upcoming Q2 FY27 earnings announcement, scheduled for October 23, will be a key event, with focus on revenue growth guidance, attrition levels, and progress in generative AI deployments.
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 Oct 08, 2026 09:34 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
