Infosys share price drops 3% to lowest level since April 2023; m-cap slips below ₹5 lakh crore

Shares of Infosys, the country’s second-largest software maker, came under renewed selling pressure in Tuesday’s session, March 17, falling nearly 3% to ₹1,215, marking the lowest level since April 2023, as the sell-off in tech stocks continued to expand even as the broader market showed signs of recovery.

Today’s decline has brought the stock’s month-to-date fall to 5%, following a sharp 21% crash in February, which was also the steepest monthly decline the stock has seen in over a decade.