Infosys shares fell to a 52-week low on September 29, 2026, amid broader pressure on the information technology sector. [10]
The decline came ahead of the company's second-quarter earnings report, as investors anticipated a possible reduction to its fiscal 2027 revenue growth guidance. [2]
The current guidance range is 1.5%-3.0%. [2] Kotak Institutional Equities expects the company to narrow it to 1.5%-2.5%, while Citi forecasts a range of 1%-2%.
The Nifty IT index fell 11% in September, reflecting the challenging environment for the sector. [10]