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Infosys share price drops over 11% to trade at ₹1229.30 per share on the NSE, down ₹160 per share

  • 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.

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