Infosys shares plunged 9% to a 52-week low, erasing Rs 40,000 crore in market cap after Accenture's revenue forecast downgrade and fears of reduced IT spending.
Infosys falls 9% (₹1,030/share, new 52-week low) after Accenture cuts guidance, signaling contraction in discretionary IT spending from North America. Rising US rates (38% Fed hike probability by Dec) will compress enterprise budgets for digital transformation and AI—critical for Indian IT firms' growth.
The sharp decline comes after Accenture's lowered revenue guidance
Jun 19, 2026
02:35 pm
What's the storyInfosys's shares plummeted by a staggering 9% on Friday, hitting a new 52-week low of ₹1,030 per share on the Bombay Stock Exchange (BSE).
The fall wiped out nearly ₹40,000 crore from the company's market capitalization within minutes.
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