Infosys share price crashes over 20% in a month; is AI the biggest threat to IT stocks?

Infosys share price declined on Monday, extending its recent fall amid continued weakness in IT stocks. The stock has seen sharp selling pressure in recent weeks as global technology stocks remain under stress.

At 11:10 AM, Infosys shares were trading at Rs 1,343.80, down Rs 25.30, or 1.85 per cent. The stock opened at Rs 1,373.70 and touched an intraday high of Rs 1,376.00 and a low of Rs 1,341.00. The company’s market capitalisation stood at Rs 5.44 lakh crore.

The stock is currently closer to its 52-week low of Rs 1,281.50. It remains significantly below its 52-week high of Rs 1,861.65.

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Stock under pressure across timeframes

Infosys shares have seen a sharp correction in recent weeks. The stock has fallen 10.06 per cent in the past one week and declined 20.53 per cent in the last one month.

On a year-to-date basis, the stock is down 17.60 per cent. Over the past six months, it has declined 6.47 per cent.

The sharp fall reflects weak sentiment in the IT sector and growing concerns about future growth.

AI-led disruption fears hit IT stocks

IT stocks, including Infosys and TCS, are facing pressure after a global sell-off in software companies. Investor concerns increased after artificial intelligence firm Anthropic launched new AI tools.