Infosys Shares Plunge 2.15% Amid U.S. Tariffs, Inflation Fears

Infosys (INFY) shares fell 2.15% today, reaching their lowest level since April 2024, with an intraday decline of 3.28%.

Infosys, along with other Indian IT stocks, experienced a decline due to investor reactions to new U.S. tariffs and anticipation of an upcoming inflation report. These external economic factors have significantly influenced the performance of Infosys's stock.

Infosys recently settled lawsuits against its U.S. unit over a cyber incident for $17.5 million. This settlement could impact investor sentiment and the company's stock value, given the financial and reputational implications of such legal resolutions.

StockNews.com changed its rating for Infosys from "buy" to "hold," which may influence investor decisions and contribute to fluctuations in the stock price. This change in rating reflects a shift in the analyst's outlook on the company's future performance.