INFY

The Stock That Fell 48% and Just Had Its Best Week in Months | Infosys (INFY)

Three weeks ago, Infosys crashed to a 52-week low of Rs 1,030, dragging the entire Nifty IT index to a three-year low in the process. The trigger was Accenture's guidance cut, and the market punished every Indian IT name without discrimination. Today, the script was completely different. Infosys closed as the single biggest Nifty 50 gainer on Monday, rising 3.50% to Rs 1,078.70. Nifty IT surged 2.43%, making it the best-performing sector on the index for the day. In just four trading sessions, the IT index has recovered nearly 9%, against a 2% gain in the broader Nifty. For context, the index is still down 26% in calendar year 2026 — so even this sharp recovery barely dents the damage. The bigger numbers frame the story. Infosys trades nearly 48% below its all-time high and remains down 40% year to date. Revenue from its AI platform Topaz is growing, but earnings are under pressure from slower deal ramps and macro headwinds in key verticals. The next real test arrives this Thursday, when TCS posts Q1 FY27 results after market hours. Whatever management says about demand trends, AI revenue and deal momentum will set the tone for Infosys, whose own results follow the week after. For now, bulls have the ball. Whether they can hold it past TCS results day is the key question this week.