Infosys share price dips after JP Morgan’s downgrade; promoter Shruti Shibulal acquires company shares worth ₹469 crore

Table of Content


IT major Infosys share price continues to decline for second session straight on Thursday. Infosys stock fell over 2 per cent on March 13, touching an intraday low to 1,572 on NSE.

The stock has declined over 7 per cent in the last five trading sessions and has descended over 14.5 per cent in over a month.

Infosys share price has been on focus after one of the promoter’s Shruti Shibulal bought additional 29.84 lakh shares of the IT giant.

According to exchange filing, Shruti Shibulal, daughter of Infosys co-founder and former CEO S.D. Shibulal, recently purchased 2,984,057 shares of Infosys at an average price of 1,657 per share, totaling 494.46 crore. Gaurav Manchanda, a member of the Shibulal family, sold an identical number of shares at the same price.

“We are hereby informing you about the Sale of 59,68,113 equity shares (representing 0.14%) of Infosys Limited by way of Sale on the platform of the Stock Exchange on 11th March 2025 and on 12th March, 2025,” the company said in the filing.

JP Morgan downgrades Infosys stock

Morgan Stanley has downgraded Infosys to ‘Equal Weight’ from ‘Overweight’, expressing concerns about emerging downside risks to revenue growth and valuation multiples amid rapid changes in the macro environment and technological evolution. Consequently, the firm has reduced its price target for Infosys to 1,740 from 2,150.

“We see downside risks emerging for both the revenue growth of Indian IT services and valuation multiples,” Morgan Stanley analysts wrote.

On the flip side, brokerage firm CLSA has upgraded Infosys stock from ‘hold’ to ‘accumulate’, with a 12-month target price of 1,978.

In 2025, Indian IT stocks have faced challenges despite a weakening rupee, primarily due to concerns about a potential U.S. economic slowdown and uncertainties in trade policies. The Nifty IT index has declined by 14 per cent this year, making it one of the worst-performing sectors after real estate.

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.



Source link

AIMPWA

mmkrishnandasu@gmail.com http://msmenews.sbs

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent News

Trending News

Editor's Picks

Centre sets new five-year target to cut debt to half of GDP; signals robust capital spending, support to states

The Union budget has set a new five-year target to cut the central government’s debt to 50% of gross domestic product, give or take 1%, by 31 March, 2031. The budget, presented by finance minister Nirmala Sitharaman on Saturday, also sought to signal the Narendra Modi administration’s commitment to fiscal prudence and infrastructure creation, including...

Budget sows seeds of change for agriculture but gaps remain

The Economic Survey called agriculture the “sector of the future” and the FM echoed this sentiment in her budget speech, emphasizing garib, youth, annadata and nari. Despite this focus, key gaps remain. Firstly, there is a budget cut for agriculture ministry. Despite the rhetoric, the Ministry of Agriculture and Farmers’ Welfare (MOA) saw a ₹3,500...

ALL INDIA MSMES PROMOTION AND WELFARE ASSOCIATION

Quick Links

Popular Categories

Must Read

AIMPWA © 2025- All Right Reserved. Designed and Developed by  growGX.com