Infosys Stock Hits Near 6-Year Low Amid AI Fears: What's Next?
Infosys Stock Hits Near 6-Year Low Amid AI Fears: What's Next?
Infosys shares plunge to a six-year low, rocked by AI disruption fears and global IT slowdown. Chairman Nandan Nilekani offers a growth perspective. Dive into what's driving the IT giant's stock and its future outlook!
Shares of Infosys are currently trading near a six-year low, a situation largely attributed to fears surrounding AI-led disruption, geopolitical tensions like the US-Iran war, and the recent trimming of revenue growth guidance by global IT giant Accenture for FY2026 to 3%–4%. The Bengaluru-based IT bellwether has seen its stock slip by a significant 35% on the BSE this year.
The IT stock recently hit a 52-week low of Rs 1026.10, part of a broader correction affecting overvalued global IT and AI peers. Technically, the Relative Strength Index (RSI) for Infosys stock stands at 31, indicating it is trading near an oversold zone. Furthermore, the shares are currently positioned below all major moving averages, from 5-day to 200-day.
Despite this downturn, Infosys has shown very low volatility over the past year, with a beta of 0.67. In a recent trading session, the stock experienced a rally, rising 3.21% to Rs 1062 in afternoon trade, before closing 2.61% higher at Rs 1056.45. This uptick followed chairman Nandan Nilekani's clear message addressing AI disruption concerns for the IT industry.
Nilekani, speaking at the company’s 45th Annual General Meeting on June 23, 2026, emphasized that Infosys views the AI revolution as a significant growth opportunity rather than an existential threat. This stance aims to reassure investors amidst widespread market anxiety that AI could automate software development and diminish the need for technology services firms. However, even with this recent rally and positive outlook, the IT stock remains near its six-year low, having shed 17% in the last three months.
