Key Events This Week
16 Feb: High-value trading despite four-day decline
17 Feb: Intraday high surge of 3.2% amid rebound
18 Feb: Significant value turnover amid market headwinds
19 Feb: Robust value turnover with mixed technical signals
20 Feb: Declining momentum and institutional caution
16 February 2026: High-Value Trading Amid Four-Day Decline
Infosys began the week under pressure, closing at Rs.1,366.25, down 0.24% on the day despite robust trading volumes exceeding 27 lakh shares and a traded value of approximately ₹374.54 crores. This session marked the continuation of a four-day losing streak, with the stock down nearly 9.7% over that period. The weighted average price gravitated towards the day’s low, signalling selling pressure and cautious investor sentiment. Institutional interest remained strong, as delivery volumes surged by 188.41% compared to the five-day average, indicating accumulation by long-term holders despite short-term weakness.
Technically, the stock traded below all key moving averages, reinforcing a bearish trend. The sector also faced headwinds, with the Computers - Software & Consulting index declining 0.46%, while the Sensex gained 0.70%, highlighting stock-specific challenges for Infosys.
17 February 2026: Intraday High Surge Signals Short-Term Rebound
On 17 February, Infosys staged a notable intraday recovery, surging 3.18% to close at Rs.1,391.20, outperforming both its sector and the Sensex. The stock touched an intraday high of Rs.1,406.85, a 2.97% increase from the previous close, signalling a potential short-term momentum shift after the prior decline. Trading volumes rose sharply to over 47 lakh shares, with a traded value exceeding ₹660 crore, underscoring renewed investor interest.
Despite this rebound, the stock remained below all major moving averages, reflecting ongoing technical challenges. Delivery volumes declined nearly 30% compared to the five-day average, suggesting that some of the trading activity was speculative rather than driven by long-term accumulation. The MarketsMOJO rating remained at Hold with a Mojo Score of 57.0, reflecting cautious optimism amid mixed signals.
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18 February 2026: High-Value Trading Amid Market Headwinds
Infosys faced renewed selling pressure on 18 February, closing at Rs.1,373.55, down 1.27% on the day. The stock recorded a high traded volume of nearly 49 lakh shares and a traded value of ₹672.05 crores, maintaining its status as a market favourite despite the decline. The intraday price range showed volatility, with a high of Rs.1,401.00 and a low of Rs.1,358.00.
Technical indicators remained bearish, with the stock trading below all key moving averages. Delivery volumes declined by 12.17% compared to the five-day average, signalling waning conviction among long-term investors. The sector also experienced a 1.44% decline, with Infosys underperforming by 0.9%. The company’s large-cap status and dividend yield of 3.31% continue to support its defensive appeal amid volatile conditions.
19 February 2026: Robust Value Turnover and Mixed Technical Signals
On 19 February, Infosys bucked the broader market trend by gaining 1.35% to Rs.1,369.60, outperforming the Sensex which declined 0.13%. The stock’s traded value was an impressive ₹2,861.37 crores on a volume of 20.58 lakh shares, reflecting strong liquidity and institutional participation. Despite the positive price action, technical indicators remained subdued, with the stock below all major moving averages, suggesting a short- to medium-term bearish trend.
Delivery volumes fell 17.96% compared to the five-day average, indicating cautious investor sentiment. The company’s dividend yield of 3.36% and large-cap stature continue to underpin its appeal. The MarketsMOJO rating remained Hold with a Mojo Score of 57.0, reflecting tempered expectations amid mixed market signals.
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20 February 2026: Declining Momentum and Institutional Caution
The week closed with Infosys retreating 1.23% to Rs.1,352.75 on 20 February, continuing a three-day downward trend. Trading volumes moderated to 32.5 lakh shares with a traded value of ₹437.78 crores. The stock underperformed its sector by 0.56% and the Sensex by 0.07%, reflecting stock-specific pressures amid a resilient broader market.
Technical conditions remained bearish, with the stock below all key moving averages. Delivery volumes plunged 51.42% compared to the five-day average, signalling reduced conviction among institutional investors. The Mojo Grade stayed at Hold with a score of 57.0, reflecting cautious analyst sentiment. Despite this, Infosys’s dividend yield of 3.37% and large market capitalisation of ₹5,55,328 crore maintain its defensive profile.
Daily Price Performance: Infosys vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-16 | Rs.1,366.25 | -0.24% | 36,787.89 | +0.70% |
| 2026-02-17 | Rs.1,391.20 | +1.83% | 36,904.38 | +0.32% |
| 2026-02-18 | Rs.1,373.55 | -1.27% | 37,062.35 | +0.43% |
| 2026-02-19 | Rs.1,369.60 | -0.29% | 36,523.88 | -1.45% |
| 2026-02-20 | Rs.1,352.75 | -1.23% | 36,674.32 | +0.41% |
Key Takeaways
1. Mixed Technical Signals: The stock’s persistent trading below all major moving averages and bearish momentum indicators suggest ongoing short- to medium-term pressure. However, intermittent intraday rallies indicate potential for short-term rebounds.
2. Institutional Interest Fluctuations: Despite high-value trading volumes, delivery volumes declined notably midweek and at week’s end, signalling cautious positioning by long-term investors amid market uncertainties.
3. Valuation Attractiveness: Infosys’s shift to an attractive valuation grade, supported by solid profitability metrics and a dividend yield above 3.3%, offers a defensive cushion amid sector volatility.
4. Sector and Market Context: The broader Computers - Software & Consulting sector faced headwinds, with Infosys often underperforming peers and the Sensex, reflecting stock-specific challenges and macroeconomic concerns.
5. Analyst Sentiment: The downgrade from Buy to Hold and a Mojo Score of 57.0 reflect tempered expectations, urging investors to monitor technical developments and institutional flows closely.
Conclusion
Infosys Ltd’s performance over the week ending 20 February 2026 was characterised by volatility, mixed technical signals, and fluctuating institutional participation. While the stock demonstrated resilience through intraday rallies and maintained strong liquidity, the overall trend remained bearish with a 1.22% weekly decline against a 0.39% gain in the Sensex. The company’s attractive dividend yield and improved valuation metrics provide some support, yet the downgrade to a Hold rating and declining delivery volumes counsel caution.
Investors should closely watch for a sustained break above key moving averages and a rebound in delivery volumes to confirm a potential recovery. Meanwhile, sector dynamics and global IT spending trends will continue to influence Infosys’s near-term trajectory. The stock remains a significant large-cap holding with defensive qualities, but the current environment calls for measured positioning amid ongoing market uncertainties.
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