Infosys hits 52-week low, slips 14% in one month amid growth worries

The stock was tracking losses in global markets, as the US Fed raised interest rates an another 75 bps on Wednesday.

Shares of Infosys hit a 52-week low at Rs 1,360.15, down 1 per cent on the National Stock Exchange (NSE) in Thursday’s intra-day trade. The stock has dropped 14 per cent so far in the last one month amid growth concerns. In comparison, the S&P BSE Sensex was down less than one per cent during the same period.

The stock of information technology (IT) major fgell below its previous 52-week low of Rs 1,367.20 touched on June 17, 2022. The stock now quotes at its lowest level since May 2021.

On Wednesday, the US markets ended lower, dragged