Infosys, a major IT company, saw a 10% drop in share prices during opening trade on April 17, 2023, hitting a lower circuit.
Trading in the stock was halted for some time due to over 27 lakh sell orders with no buyers for the stock.
Infosys missed revenue and profit expectations for the March quarter, leading traders to mount bearish bets on the counter prior to the result announcement.
Over the past year, Infosys has dropped over 20%, with the 52-week low for the share price being broken on April 17, 2023.