Infosys Stock Hits 52-Week Low Amid Global Market Turmoil
Infosys shares plunged to a yearly low of ₹1,224 as geopolitical tensions and broader market declines rattled investor confidence. The IT bellwether has lost 25% YTD, underperforming the Nifty index.
JM Financial maintains a 'buy' rating, suggesting the correction presents entry opportunities. Analysts cite Infosys' resilient global client base and diversified software services as long-term strengths.
The selloff mirrors volatility across Indian equities, with the Sensex and Nifty both testing support levels. Market participants await clarity on Middle East tensions before rebuilding positions.