Infosys Stock Plunges Amid IT Sector Weakness

Infosys stock is down by 0.63% to ₹1,032.00 amid broader IT sector weakness and concerns over US Fed rate hikes and H-1B visa fees.

The company's American Depository Receipts (ADRs) have been near their 52-week lows, reflecting a consistent downtrend across its global listings.

This downward movement is largely influenced by sectorial weakness and lingering macroeconomic concerns, including the potential September interest rate hike by the US Federal Reserve and the extension of the $100,000 H-1B visa fee by the Trump administration.

Analysts remain cautious, with Jefferies reiterating a 'Hold' rating on Infosys stock, assigning a target price of $1,020 for the ADR.