Infosys Slips Out of Top 10 Most Valuable Firms as Nearly ₹2 Lakh Crore Market Cap Wiped Out This Year
Infosys is no longer among the top 10 most valuable firms in India. Since January 2026, the company has seen roughly ₹2,00,000 crore in market cap wiped away. By April 29, its valuation fell to about ₹4.76 lakh crore. This crash pushed the company to the 11th spot. Life Insurance Corporation (LIC) moved up to take its place. LIC now holds a valuation of around ₹5.19 lakh crore.
The stock is down 30% so far this year. Shares trade near ₹1,175 currently. This is close to the 52-week low of ₹1,149. At the end of 2025, Infosys was worth over ₹6.8 lakh crore. The rapid fall reflects a broad sell-off in the Indian IT space.
The Main Causes for the Crash
A very weak growth forecast is the primary reason for this sell-off. Infosys told the market that revenue growth for the 2026-27 year will likely stay between 1.5% and 3.5%. This is much lower than what analysts wanted.
Another major fear is Artificial Intelligence. Investors worry that new AI tools will cut the demand for standard IT outsourcing. Also, global clients are tightening their belts. They are pausing or cancelling new tech projects to save cash.
Financial Results and Market Shift
In the March quarter, Infosys did post a revenue of ₹46,402 crore. This was an increase of 13.4% from the previous year. Net profit was ₹8,501 crore. However, these profits did not help the stock because the future outlook is so dim. Total deal wins for the year hit $14.9 billion, but converting these to actual revenue is taking longer than in previous years.
Reliance Industries and TCS still hold the top market spots. However, even TCS lost over ₹70,000 crore in value recently. This shows a massive shift in where investors put their money. They are leaving IT and moving into insurance and energy. Experts think IT stocks will remain flat or down for the next several months as they try to deal with AI changes.
