Infosys share price drops 3.5% amid FY27 caution

Latest trade and the day’s move

Infosys Ltd. shares were under pressure on Tuesday, extending a broader selloff across Indian IT names. As of 30 June 2026, 04:06 PM IST, Infosys share price was reported at ₹1,000.40, down 3.51% against a previous close of ₹1,041.2. Another market update referenced a prior close of ₹1,036.70, pointing to mixed feeds but a consistent direction of travel. During early trade, Infosys was also flagged as the worst-performing Nifty stock at one point, down 8.05% at ₹1,036.7 around 9:38 am.

The intraday volatility came as investors reacted to global peer cues and cautious demand signals. The stock has been trading near multi-year lows, reflecting uncertainty over enterprise tech budgets and how AI changes traditional IT services spending.

Why investors sold: Accenture’s guidance cut

The latest leg of weakness was closely linked to Accenture trimming its full-year FY2026 revenue growth guidance. One version of the update put the revised range at 3%–4%, down from 4%–5%. Another described the change as a move to 3%–4% from 3%–5%.

Regardless of the base range, the market read the revision as a negative signal for the pace of recovery in global technology spending. For Indian IT services companies, Accenture’s commentary often influences sentiment because it is seen as a bellwether for discretionary demand trends, especially in the US.

Multi-year low references: 52-week low and “six-year low” headlines

Multiple data points in the market commentary highlighted how close Infosys was to key lows. One update said Infosys fell to a fresh 52-week low of ₹1,030, with the decline tied mainly to the market turning negative after Accenture’s outlook cut. Another described the stock hitting an over six-year low at ₹1,215.15 during Tuesday’s intraday trade on the BSE, calling it the lowest since December 2020.

In separate sector-wide selling, Infosys was also reported to have plunged 8% to hit a five-year low. While the low points differ across reports, the common thread is a sharp drawdown and repeated tests of multi-year support zones.

The broader worry list: AI disruption and geopolitics

The selloff has not been pinned to one trigger alone. Commentary around the stock cited fears of AI-led disruption, with concern that automation and new delivery models could deflate pricing in parts of traditional IT services. Alongside this, geopolitical uncertainty linked to the Iran-West Asia conflict has been flagged as another factor complicating enterprise decision-making.

Taken together, the narrative is that clients may delay or reduce discretionary spending until they have clearer visibility on budgets and business conditions. That caution matters for large Indian IT exporters because discretionary projects are typically an important contributor to near-term growth.

Company guidance in focus: FY27 growth seen as soft

Infosys’ own commentary in 2026 has also been part of the pressure. The company projected 1.5% to 3.5% constant-currency revenue growth for FY27, and the guidance was described as lower than many analyst expectations. The outlook also came under scrutiny from shareholders at the AGM, according to the article context.

Separate coverage also noted the guidance was lower than an earlier range of 3% to 3.5% in constant currency. The overall market takeaway was that demand recovery could take longer, even if management continues to point to opportunities from technology.

What technical analysts are watching

Virat Jagad, Sr. Technical Research Analyst at Bonanza, outlined key chart levels highlighted in the reports. He said that as long as Infosys remains below ₹1,180, the trend is likely to stay negative and investors should avoid aggressive buying at current levels. On the downside, immediate support was seen near ₹1,000.

He added that if ₹1,000 is breached, it could trigger further weakness toward ₹950–₹920. According to him, only a sustained move above ₹1,180 would improve the technical outlook.

How far has the stock fallen?

The article context cited a steep decline over the last year. One line said Infosys shares have fallen more than 35% over the last 12 months. Another comparison stated the stock declined about 35% from February 2026 highs, dropping from around ₹1,720 to about ₹1,124.

A separate data point in the broader bundle said Infosys stock has declined 16.3% over the past one year. The figures differ across references, but each supports the same theme: the stock has materially underperformed amid multiple rounds of weaker sentiment.

Market impact: sector selloff and peer pressure

The weakness was not limited to Infosys. Major Indian IT stocks fell sharply after Accenture lowered the upper end of its annual revenue growth forecast. One market snapshot showed Infosys down 7.59% at ₹1,041.9 while TCS fell 5.46% to ₹2,082.9.

The selloff pushed several frontline IT stocks to multi-year lows at the open, with reports stating Infosys and Wipro hit their lowest levels in more than five years during the session. The correction was framed by market experts as a response to fears of slower discretionary technology spending by global clients, particularly in the US.

Key facts table

US-listed cues: targets cut and consensus view

Beyond India trading, the bundle included US coverage of Infosys’ ADR. It said Infosys hit a new 52-week low after BMO Capital Markets lowered its price target to $15 (market perform). It also cited the MarketBeat consensus rating as “Reduce” with a $14.22 consensus price target, and that six analysts carried a Hold rating while one had a Sell.

Operationally, the same section reported FY26 revenue above $10 billion, about 3.1% constant-currency growth, around 21% adjusted operating margin, and about $1.7 billion free cash flow. Despite references to an OpenAI partnership to expand AI offerings, the market reaction remained tied to growth visibility and client spending caution.

Analysis: why the ₹1,000 and ₹1,180 levels matter now

The reporting around Infosys shows a market trying to balance two competing narratives. On one hand, management discussions point to opportunities from technology, including AI-led transformations. On the other, peer signals and FY27 guidance have reinforced that near-term growth may be constrained by cautious client budgets and slower deal-to-revenue conversion.

In that environment, the price action has sharpened attention on clearly defined levels. The ₹1,000 zone is being watched as near-term support in the technical framework cited, while ₹1,180 is the level highlighted for a potential shift in tone. The next decisive signal, as flagged in the article, is expected from upcoming quarterly results and management commentary on client budgets.

Conclusion

Infosys’ fall toward multi-year lows reflects a combination of global demand caution flagged by Accenture, concerns about AI-led shifts in IT spending, and geopolitics adding uncertainty to enterprise decisions. With the stock around ₹1,000.40 in the latest update, investors are monitoring the ₹1,000 support and ₹1,180 resistance cited by technical analysts. The next major catalyst referenced in the coverage is the upcoming set of quarterly results and commentary on spending visibility.