Layoffs impact: Infy stock sinks below 200-DMA after 8 months; what next?

With Monday’s 3.6 per cent intra-day fall, Infosys was seen trading below its long-term (200-Day Simple Moving Average) for the first time since June 06, 2024, – i.e. a period of little more than 8 months. After withstanding the market weakness for the last three months, Infosys stock has plunged nearly 7 per cent so far in February.