Infosys shares fell nearly 2% on Monday, even as broader markets remained firm, after the stock went ex-dividend for ₹23 per share. The IT giant had earlier announced the interim dividend along with its Q2 FY26 earnings, with the payout scheduled for November 7 for eligible investors.
To qualify for the dividend, investors needed to hold Infosys shares on or before October 24, due to India’s T+1 settlement system. Despite a broader market rally of over 0.5%, Infosys’ stock dropped 1.79% to a low of ₹1,498 from its previous close of ₹1,525.40. The company’s 52-week high stands at ₹2,006.80, while the low is ₹1,307.10.
The decline comes amid Infosys promoters opting out of the company’s ₹18,000 crore buyback, which had supported the stock last week. Additional pressures on the IT sector, including H-1B visa increases, slower client demand, and US tariff concerns, have contributed to the stock’s nearly 20% year-to-date fall. As of 9:45 a.m., Infosys shares were trading 0.89% lower at ₹1,509.90 on the BSE, reflecting cautious sentiment among investors.
