
According to Share.Market by PhonePe, Infosys shares have declined more than 6% over the five trading sessions, falling for the fifth straight session on Tuesday with a drop of more than 2%. The IT index also fell for the third consecutive session and was down nearly 2% on August 18. As per Moneycontrol, the stock is a constituent of the Nifty 50 index, contributing 12.85 points to the index decline. High geopolitical concerns, rising crude oil prices and elevated US Treasury yields have put pressure on IT stocks, with profit booking also weighing on the sector.
For the quarter-ending June 2026, Infosys reported consolidated revenue of ₹48,211 crore, representing an increase from ₹46,402 crore in the quarter-ending March 2026, marking a quarter-over-quarter growth of approximately 3.9%. However, net profit for the same period stood at ₹7,775 crore, a decrease from ₹8,509 crore in the previous quarter, indicating a decline of approximately 8.6%. Earnings per share (EPS) for the quarter-ending June 2026 was ₹19.19. Mayank Jain, Market Analyst at Share.Market by PhonePe, noted that this 8.6% quarter-on-quarter decline in net profit has weighed heavily on immediate investor sentiment.
On an annual consolidated basis, Infosys' revenue for the year-ending March 2026 was ₹178,650 crore, reflecting a growth from ₹162,990 crore in the year-ending March 2025, which translates to an annual increase of approximately 9.6%. Net profit also rose to ₹29,474 crore for the year-ending March 2026, compared to ₹26,750 crore in the previous fiscal year, an increase of approximately 10.2%. The annual EPS for March 2026 was ₹71.58, up from ₹64.50 in March 2025.
According to Share.Market by PhonePe, Infosys has remained in a broader downtrend for more than a year. The stock recently attempted to find support and recover near the ₹1,000 level but faced strong rejection near ₹1,200. This indicates that investors holding positions at higher levels are using minor rallies to exit. Jain recommends that short-term and swing traders should avoid taking fresh long positions until the stock stabilises decisively above the ₹1,200 level, while existing holdings should be managed with tight stop-losses. A sustained recovery would require the stock to break above the ₹1,200 resistance level with strong trading volumes before confirming renewed upward momentum. On the downside, a fall below the ₹1,000 psychological support level could trigger a breakdown and lead to a fresh, prolonged downtrend.
The broader Nifty IT index continues to face industry-wide headwinds, including valuation pressures, concerns over the long-term impact of artificial intelligence and prolonged caution around enterprise technology spending in North America and Europe, as noted by Share.Market by PhonePe. Market sentiment for Infosys is currently assessed as bullish as of August 12, 2026, but the broader IT sector is facing pressure. The pressure has been amplified by institutional selling, with Foreign Institutional Investors reducing their exposure to major Indian IT stocks over recent quarters, according to Jain's analysis.