Infosys hits 5-year low: Should investors buy the dip or wait?

Infosys shares remained under pressure even after the company used its 45th annual general meeting to pitch a large artificial intelligence opportunity and reassure shareholders that AI will strengthen, not weaken, the IT services model. The stock fell to a 52-week low this week and was trading around Rs 1,052 on June 25, leaving the market to weigh whether the sharp correction has opened a buying opportunity or whether more pain lies ahead.

Technical analysts are not convinced the worst is over. While Infosys chairman Nandan Nilekani laid out a long-term AI growth case and said the company is already working with 90% of its top 200 clients on AI initiatives,