Infosys falls below ₹1,000 in 2026 as m-cap drops

A sub-₹1,000 print after nearly four years

Infosys shares extended a bruising decline in 2026, slipping below the ₹1,000 mark for the first time since September 2020. In Wednesday’s trade on July 1, the stock fell another 1.1% to ₹986.90. The move underlined how sharply investor sentiment has weakened toward technology stocks amid multiple headwinds, including fears around AI-driven disruption, softer demand visibility, and higher interest rates.

Separately, market data also showed the stock trading at ₹1,000.40, down 3.51% from a previous close of ₹1,036.70, with another reference stating a 3.51% drop versus ₹1,041.2 as of June 30, 2026 (4:06 pm IST). Across these updates, the common signal was clear: Infosys has struggled to hold psychologically important price levels as the IT selloff deepened.

How the downtrend built up since February

Reports described Infosys as being in a prolonged downtrend since February, closing each of the last five months in the red. One data point said the stock was down nearly 40% in 2026, while another pegged the year-to-date decline at 35.32%. A separate section said Infosys had tumbled 36% since the start of 2026.

The longer view was also weak. The stock extended last year’s 14% fall, taking the cumulative decline over the past 18 months to 47%, according to the information provided. This persistent slide matters for investors because it reflects a sustained re-rating rather than a single-session shock.

Market capitalisation erosion: from peak to current levels

The selloff has been costly in market value terms. One report said the 2026 decline erased nearly ₹2.53 lakh crore from Infosys’ market capitalisation, taking its valuation to around ₹4 lakh crore at Wednesday’s intraday low. At its peak, Infosys was valued at ₹8.37 lakh crore.

Other snapshots in the data placed Infosys’ market capitalisation at around ₹4.28 lakh crore, about ₹4.76 lakh crore (when the stock traded near ₹1,175), and roughly ₹4.9 lakh crore (as of April 27, 2026, when the price was ₹1,174.80). Another market-cap figure cited was ₹4,05,721.40 crore, with a table line showing ₹4,01,457 crore.

Nifty IT and the broader selloff in Indian IT

Infosys’ fall was not happening in isolation. The material referenced sharp pressure across the IT pack, with Infosys, TCS and Wipro named among top losers in one session. The Nifty IT index was reported down nearly 3% in one update, and nearly 6% in another, indicating broad-based risk-off sentiment within the sector.

On a year-to-date basis, the Nifty IT index was stated to be down 29%. The sector-wide decline adds context to why even large, liquid stocks saw heavy selling, especially as global cues turned cautious.

The Accenture trigger and demand visibility worries

A key trigger highlighted was Accenture cutting the upper end of its annual revenue growth forecast, which was interpreted as a warning sign for global discretionary tech spending. Accenture reduced its annual revenue growth forecast to 3%–4% from 3%–5%, according to the article data.

Following that update, Infosys shares were described as plunging 9% to ₹1,030 on the BSE, their lowest level since October 6, 2020, wiping out nearly ₹40,000 crore in market capitalisation within minutes. The stock was also described as hitting a fresh 52-week low of ₹1,030.

52-week range and recent price action

The data provided a 52-week high of ₹1,728.00 and a 52-week low of ₹1,030.00. Another line mentioned the stock “marking their lowest price since April 2023” in a separate Reuters-style snippet.

The mix of dates and reference points reflects how quickly levels were being tested across multiple sessions. Still, the repeated mention of multi-year lows reinforced that investors were repricing near-term growth and sector risk.

Guidance pressure: FY27 growth outlook

Beyond global cues, Infosys’ own outlook featured in the negative narrative. The company’s revenue growth guidance for FY27 was cited at 1.5% to 3.5% in constant currency. The same section noted that the immediate trigger was “not weak earnings, but weaker expectations,” with the guidance coming in below market expectations.

Another report stated the stock was down around 30% year to date and fell nearly 7% in a single session after quarterly results, linking the move to a reset in investor perception.

Relative performance versus benchmarks

The dataset described underperformance versus the Nifty 50 and the broader IT sector. Over the past one week, Infosys fell 5.57% while the Nifty 50 gained 1.65%. Over one month, Infosys dropped 11.92% versus a 1.67% rise in the benchmark.

On a year-to-date basis, one figure put Infosys down 35.32% while the Nifty 50 was down 8.16%. These comparisons were cited as evidence of stock-specific and sector-specific pressure, not just a broad-market correction.

Trading activity points to intense selling

One section reported heavy volumes of around 456.65 lakh shares and traded value exceeding ₹4,766 crore, indicating strong participation during the selloff. Such turnover typically appears when institutional and retail flows both react sharply to new information, such as global guidance changes.

While the stock remains in the large-cap bucket, the drawdown and high activity levels show how quickly sentiment can shift in IT when global demand signals soften.

Key numbers at a glance

What investors will track next

The near-term focus remains on signs of discretionary tech spending trends and how AI-led shifts influence client budgets. The reports repeatedly linked the selloff to AI disruption concerns and to higher interest rate fears in the US, both of which can change how quickly companies commit to large technology projects.

For Infosys, the FY27 constant-currency growth guidance of 1.5%–3.5% is now a central reference point in market expectations. Any future updates that alter demand visibility, either through management commentary or global peer guidance, are likely to shape the next phase of price action.

Conclusion

Infosys’ drop below ₹1,000 for the first time since September 2020 captured the depth of the 2026 correction in Indian IT. With the stock down sharply this year and market capitalisation significantly lower than its peak, investors are watching sector cues like Accenture’s outlook and Infosys’ own FY27 growth guidance for clarity on demand conditions.