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Infosys stock: IT stock slips 1.3% after Q1 results, Rs 8,661 crore in market value wiped off

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Infosys shares fell over 1% on Thursday following profit-booking after the company posted its Q1 FY26 results, leading to a market capitalisation erosion of Rs 8,661.66 crore.The stock declined 1.32% to close at Rs 1,553.55 on the BSE after slipping to an intraday low of Rs 1,548.20. On the NSE, it settled 1.36% lower at Rs 1,553, PTI reported.In volume terms, 3.8 lakh shares were traded on the BSE, while 141.7 lakh shares changed hands on the NSE.The market reaction came a day after Infosys reported an 8.7% rise in consolidated net profit to Rs 6,921 crore for the April–June quarter, up from Rs 6,368 crore in the same period last year. However, on a sequential basis, profit slipped 1.5% from the January–March quarter.Revenue for the quarter rose 7.53% year-on-year to Rs 42,279 crore, with a 3.3% increase quarter-on-quarter, led by AI-driven services and new deal wins.Despite the growth, the company narrowed its FY26 revenue guidance to 1–3%, from an earlier estimate of 0–3%, citing caution over macroeconomic conditions.“After a flat start, the Nifty gradually moved lower, primarily weighed down by persistent weakness in IT majors following Infosys’ results,” said Ajit Mishra, SVP – Research at Religare Broking.Broader markets also reflected the pressure. The Sensex fell 542.47 points, or 0.66%, to 82,184.17, while the Nifty dropped 157.80 points, or 0.63%, to settle at 25,062.10.

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