Robust Trading Volumes and Value Turnover
On the trading day, Infosys recorded a total traded volume of 27,00,608 shares, translating into a substantial traded value of approximately ₹36,293.2 lakhs. This high-value turnover underscores the stock’s continued appeal among market participants, particularly given its large-cap status with a market capitalisation of ₹5,48,496 crores. The stock opened at ₹1,352.0 and touched an intraday high of ₹1,352.0 before dipping to a low of ₹1,331.2, eventually settling at ₹1,336.1 as of the last update at 09:44:46 IST.
Price Performance and Technical Indicators
Infosys has been on a downward trajectory, losing 1.53% on the day and underperforming its sector by 0.72%. The stock has declined for four consecutive sessions, cumulatively falling by 3.58%. This sustained weakness has brought the share price within 4.47% of its 52-week low of ₹1,281.5, signalling a notable correction phase. Technical analysis reveals that Infosys is trading below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — indicating a bearish trend and subdued investor confidence in the near term.
Institutional Participation and Delivery Volumes
Investor participation appears to be waning, with delivery volumes on 20 Feb 2026 recorded at 60.93 lakhs shares, marking a sharp decline of 43.87% compared to the five-day average delivery volume. This drop suggests a reduction in long-term holding interest, possibly reflecting institutional caution amid the recent price weakness. Despite this, the stock remains sufficiently liquid, with the capacity to handle trade sizes up to ₹50.91 crores based on 2% of the five-day average traded value, ensuring ease of entry and exit for large investors.
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Dividend Yield and Market Sentiment
One positive aspect for investors is the stock’s attractive dividend yield of 3.41% at the current price level, which may provide some cushion amid the price volatility. However, the overall market sentiment remains cautious as reflected in the Mojo Score of 57.0, which has been downgraded from a previous Buy rating to a Hold as of 09 Feb 2026. This downgrade by MarketsMOJO reflects a tempered outlook on the stock’s near-term prospects, factoring in the recent price weakness and technical deterioration.
Comparative Sector and Benchmark Performance
While Infosys declined by 1.43% on the day, the broader Computers - Software & Consulting sector fell by a smaller margin of 0.57%. Meanwhile, the Sensex managed a modest gain of 0.64%, highlighting a divergence between Infosys and the broader market indices. This relative underperformance may be attributed to profit booking or sector rotation by institutional investors, who appear to be reallocating capital to other opportunities within or outside the sector.
Market Cap and Quality Assessment
Infosys continues to be classified as a large-cap stock with a market cap grade of 1, indicating its dominant position in the Indian IT services industry. Despite the recent price softness, the company’s fundamentals remain robust, supported by steady revenue streams and a diversified client base. However, the current Mojo Grade of Hold suggests that investors should exercise caution and monitor upcoming earnings and sector developments before committing fresh capital.
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Outlook and Investor Considerations
Given the current technical weakness and reduced delivery volumes, investors should approach Infosys with a balanced perspective. The stock’s high liquidity and sizeable market capitalisation make it a core holding for many portfolios, but the recent downgrade to Hold signals that upside may be limited in the short term. Investors may wish to watch for signs of a technical rebound or improved institutional buying before increasing exposure.
Furthermore, the dividend yield remains a compelling factor for income-focused investors, providing some downside protection. However, the proximity to the 52-week low and the underperformance relative to the sector and Sensex suggest that caution is warranted. Monitoring quarterly earnings, client deal wins, and broader IT sector trends will be critical to reassessing the stock’s trajectory.
Institutional Activity and Large Order Flow
Large order flow data indicates that while there is still significant trading interest, the decline in delivery volumes points to a shift in institutional strategy. Some investors may be trimming positions to lock in profits or reallocate capital to mid-cap or emerging sector picks, as highlighted by recent market thematic evaluations. This dynamic is consistent with the Mojo Grade adjustment and the cautious tone adopted by analysts.
In summary, Infosys remains a highly traded and liquid stock with strong fundamentals but currently faces headwinds from technical and sentiment perspectives. Investors should weigh the dividend yield and large-cap stability against the recent price weakness and reduced institutional participation when making portfolio decisions.
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