Infosys Hits 52-Week Low Amid Broader Indian Market Weakness

Infosys shares dropped to a 52-week low of 1,224 on Monday, marking a nearly 25% decline year-to-date. According to NS3.AI, the downturn is attributed to broader weakness in Indian equities. Despite the decline, JM Financial has maintained a buy recommendation for Infosys, highlighting $2.736 billion in new business as a positive factor.