Infosys shares plunge 6%, costing Narayana Murthy's family ₹1,850 crore
18th Jan 2025
Murthy Family's Infosys Stake and Wealth Impact
Infosys Ltd co-founder NR Narayana Murthy's family wealth suffered a loss of ₹1,850 crore due to a nearly 6 per cent decline in share price of India's second largest IT services company on Friday. The Murthy family's shareholding in Infosys, which includes Murthy's 0.40% stake, his wife Sudha Murty's 0.92% stake, son Rohan Murty's 1.62% stake, and daughter Akshata Murty's 1.04% stake, is now valued at around ₹30,300 crore, down from ₹32,152 crore a day earlier.
Reasons for Infosys Share Price Drop
Infosys shares declined due to selling pressure in the markets despite the company posting profit for the third quarter of the fiscal year 2025. The stock tumbled 5.77% to end at ₹1,815.10 on the BSE, touching a low of ₹1,812.70 during intraday trading. On the NSE, the stock fell 5.75% to ₹1,817.50.
Impact on Infosys and Broader Markets
The IT services company's market valuation eroded by ₹46,108.13 crore to ₹7,53,678.38 crore due to the decline in its share price. The 30-share benchmark Sensex shed 423.49 points, or 0.55%, to settle at 76,619.33, while the NSE Nifty dropped 108.60 points, or 0.47%, to 23,203.20. The BSE IT index ended 2.48% lower at 41,746.66.
Infosys Q3 Results and Revised Forecast
On Thursday, Infosys reported an 11.46% rise in its third-quarter net profit on higher demand. The company also raised its annual sales forecast for a third time this fiscal year, with growth expected to be in the range of 4.5-5%, up from the previous guidance of 3.75-4.5%.
Infosys Ltd co-founder NR Narayana Murthy's family wealth suffered a loss of ₹1,850 crore due to a nearly 6 per cent decline in share price of India's second largest IT services company on Friday. The Murthy family's shareholding in Infosys, which includes Murthy's 0.40% stake, his wife Sudha Murty's 0.92% stake, son Rohan Murty's 1.62% stake, and daughter Akshata Murty's 1.04% stake, is now valued at around ₹30,300 crore, down from ₹32,152 crore a day earlier.
Reasons for Infosys Share Price Drop
Infosys shares declined due to selling pressure in the markets despite the company posting profit for the third quarter of the fiscal year 2025. The stock tumbled 5.77% to end at ₹1,815.10 on the BSE, touching a low of ₹1,812.70 during intraday trading. On the NSE, the stock fell 5.75% to ₹1,817.50.
Impact on Infosys and Broader Markets
The IT services company's market valuation eroded by ₹46,108.13 crore to ₹7,53,678.38 crore due to the decline in its share price. The 30-share benchmark Sensex shed 423.49 points, or 0.55%, to settle at 76,619.33, while the NSE Nifty dropped 108.60 points, or 0.47%, to 23,203.20. The BSE IT index ended 2.48% lower at 41,746.66.
Infosys Q3 Results and Revised Forecast
On Thursday, Infosys reported an 11.46% rise in its third-quarter net profit on higher demand. The company also raised its annual sales forecast for a third time this fiscal year, with growth expected to be in the range of 4.5-5%, up from the previous guidance of 3.75-4.5%.