Infosys near 6-year low: key support levels in 2026

What pulled Infosys close to a multi-year low

Infosys shares have been trading near a six-year low, with selling pressure building around fears of AI-led disruption, geopolitical uncertainty linked to the Iran-West Asia conflict, and a fresh negative signal from global peer Accenture. The stock fell 3.4% on Tuesday as it approached a six-year low, even as management spoke about opportunities from technology. In a separate bout of selling tied to sector-wide weakness, Infosys was also reported to have plunged 8% to hit a five-year low.

The latest leg of weakness was closely linked to Accenture trimming its full-year FY2026 revenue growth guidance to 3%–4% (down from 4%–5%). Another reported version of the change described Accenture reducing its annual revenue growth forecast to 3%–4% from 3%–5%. Regardless of the base, the market took the message as a sign that the recovery in global technology spending is slower than hoped.

This shift in global sentiment has mattered for Indian IT because investors often treat Accenture’s guidance as a bellwether for consulting and IT services demand. When Accenture highlighted that clients are still holding back on spending, it reinforced concerns that discretionary technology budgets remain cautious.

The Accenture guidance cut and why it hit Indian IT

Accenture reported strong AI demand but still trimmed its growth outlook. The combination of “AI demand is strong” and “overall growth expectations are cut” signalled to investors that broader client spending has not fully recovered. In simple terms, it suggested that enterprises may be prioritising selective spend, while postponing larger discretionary programmes.

The warning hammered Indian IT stocks, with Infosys described as leading the rout. The selloff also came alongside a sharp decline in Infosys’ American Depositary Receipts (ADRs) overnight, which added pressure at the domestic open.

For several quarters, investors have been worried about slowing growth across the IT sector. The article notes that while Infosys has continued to announce large deal wins, clients have remained cautious about spending on discretionary projects. That mix can keep order books healthy while near-term revenue conversion stays under pressure.

AI disruption fears and “revenue pool compression” concerns

Beyond cyclical demand worries, the market is also grappling with structural questions around artificial intelligence. Investors have punished IT services firms on fears that AI might erode the relevance of traditional services models, contributing to sector weakness since the start of the year.

A specific concern highlighted is “AI-led revenue pool compression”, where traditional IT services may face pressure as clients shift budgets toward targeted AI investments rather than broad-based outsourcing and consulting. Even if areas like AI and cybersecurity spending remain intact, broader consulting demand being under pressure can still weigh on large IT vendors that rely on enterprise-wide transformation programmes.

Geopolitics adds another layer to client caution

Accenture pointed to the Iran-West Asia conflict hurting its Middle East consulting business and causing a $100 million hit in the quarter. That disclosure fed into broader investor anxiety that geopolitical uncertainty can delay decisions and slow discretionary technology spending.

The worry is not limited to one region. The article notes investor concern that global clients, particularly in North America and Europe, may keep spending cautious on IT consulting, digital transformation, and other large discretionary projects during uncertain periods.

Shareholder frustration surfaces at Infosys

The decline has also played out alongside visible shareholder discontent. During a Q&A session with the management, a shareholder, Om Prakash Kejriwal from Kolkata, linked the fall in the share price to a perceived lack of future investment and claimed foreign investors were dumping the shares.

The broader point for investors is that sentiment has turned sensitive. Even when management speaks about opportunities, markets can stay focused on demand visibility, guidance signals from global peers, and signs of near-term spending restraint.

Where the stock stands: lows, drawdowns, and recent moves

Multiple price markers in the article show the depth of the move. Infosys fell to a fresh 52-week low of ₹1,030, with the decline tied mainly to the market turning negative after Accenture cut its revenue growth outlook. Another data point cited Infosys hitting an over six-year low at ₹1,215.15 during Tuesday’s intra-day trade on the BSE, described as its lowest level since December 2020.

The longer drawdown has also been sharp. Infosys shares have fallen more than 35% over the last 12 months. Separately, the article says the stock has declined about 35% from February 2026 highs, dropping from around ₹1,720 to about ₹1,124.

Technical levels investors are watching

Virat Jagad, Sr. Technical Research Analyst at Bonanza, outlined clear chart levels. He said that as long as the stock 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 is seen near ₹1,000. He added that a breach could trigger further weakness towards ₹950–₹920. According to him, only a sustained move above ₹1,180 would improve the technical outlook.

Guidance concerns and the next trigger points

Apart from peer signals, Infosys has also faced pressure from its own cautious commentary at different points in 2026. The article notes that Infosys projected 1.5% to 3.5% constant-currency revenue growth for FY27, which was seen as lower than many analyst expectations and reinforced concerns that demand recovery could take longer.

The next major trigger for the sector is quarterly earnings and management commentary. Investors will look for evidence that discretionary spending is recovering and that large deal wins are translating into actual revenue growth.

Key numbers and levels at a glance

Why this matters for the broader IT sector

The episode underlines how quickly global signals can ripple through Indian IT stocks. When a bellwether like Accenture cuts the top end of its growth outlook, markets often extrapolate caution to spending conditions faced by Indian vendors. That can be amplified when the local stock is already under pressure from AI disruption fears and weak risk appetite.

At the same time, the article indicates the debate is not only about demand. It is also about where client budgets are being allocated, with investors watching whether spending shifts toward targeted AI efforts reduce the addressable pool for traditional IT services.

Conclusion

Infosys’ move 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 decision-making. In the near term, investors are watching ₹1,000 as support and ₹1,180 as a key resistance level cited by technical analysts, while the next decisive signal is expected from upcoming quarterly results and management commentary on client budgets and deal-to-revenue conversion.