Mumbai, April 24, 2026 — Infosys (NSE: INFY), India's second-largest IT services exporter, closed at ₹1,155.20 on Friday, just 0.25% above its fresh 52-week low of ₹1,152.35, as the sector-wide selloff triggered by HCLTech's disappointing Q4 results continued to ripple through the entire technology pack. The stock has now fallen 5.17% below its previous 52-week low of ₹1,215.15, recorded on March 17, 2026, and is trading at levels last seen in early 2024.
Infosys's proximity to its 52-week low is particularly concerning given that the company is yet to report its own Q4 FY26 earnings, scheduled for April 23–24.The market is clearly pricing in a high probability of disappointment, using HCLTech's weak numbers and cautious FY27 guidance as a template. Analysts had estimated Infosys's Q4 net profit at approximately ₹7,508 crore on revenue of ₹46,567 crore, representing modest year-on-year growth of 4% and 13.7% respectively. However, if discretionary spending trends mirror HCLTech's experience, even these estimates may prove optimistic.
The broader context for INFY's decline is a fundamental reassessment of the Indian IT sector's growth trajectory. After years of double-digit revenue expansion, the sector is now facing a convergence of headwinds: slower client spending in the US and Europe, geopolitical uncertainty impacting outsourcing decisions, rising H1-B visa costs, and the disruptive potential of AI-led automation on traditional services revenue. These factors have collectively eroded the premium valuations that IT stocks have historically commanded.
From a technical perspective, INFY is now trading below its 200-day moving average, a bearish signal that often triggers further selling by systematic and momentum-driven funds. The stock's all-time low of ₹420.00, recorded in May 1995, is far below current levels and thus not an immediate concern — but the fact that the 52-week low is being tested so aggressively suggests that institutional confidence is wavering.
For retail investors, INFY's dividend yield and relatively strong balance sheet provide some downside protection, but the near-term path remains uncertain. The key catalyst will be the company's own Q4 earnings and FY27 guidance. If management can differentiate its outlook from HCLTech's cautious stance, the stock could stage a sharp rebound. If not, a break below ₹1,150 could open the door to a test of ₹1,000 — a level that would represent a 13% further decline and a major psychological blow to the sector.
