Trading Activity and Price Movement
On 12 Feb 2026, Infosys recorded a total traded volume of 64,30,186 shares, translating into a substantial traded value of ₹90,762.08 lakhs. The stock opened sharply lower at ₹1,428.90, down 2.92% from the previous close of ₹1,471.90, signalling a negative market sentiment from the outset. Throughout the day, the price oscillated between an intraday low of ₹1,395.50 and a high of ₹1,435.70, eventually settling at ₹1,400.70 by 09:44:47 IST, marking a day loss of 4.64%.
This decline was more pronounced than the IT - Software sector’s fall of 3.73% and the Sensex’s modest dip of 0.45%, indicating Infosys’ relative underperformance. The stock has now recorded losses for two consecutive sessions, cumulatively falling 6.43% over this period.
Technical Indicators and Moving Averages
Technical analysis reveals that Infosys is trading below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — a bearish signal that suggests downward momentum is gaining traction. The open gap down and the intraday low touching ₹1,395.50 (-5.19%) further reinforce the weakening technical setup.
Liquidity remains adequate, with the stock’s traded value representing approximately 2% of its 5-day average traded value, supporting trade sizes up to ₹30.9 crores without significant market impact. However, delivery volumes have fallen sharply by 43.71% compared to the 5-day average, indicating reduced investor participation and possibly increased short-term speculative trading.
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Institutional Interest and Market Capitalisation
Infosys remains a heavyweight in the Indian equity market with a market capitalisation of ₹5,97,010 crores, categorised as a large-cap stock. Despite its size and prominence, the company’s Mojo Score has recently been downgraded from a Buy to a Hold on 09 Feb 2026, reflecting a more cautious stance by analysts. The current Mojo Score stands at 60.0, with a Mojo Grade of Hold, signalling a neutral outlook amid the prevailing market conditions.
The downgrade is indicative of tempered expectations, possibly due to the stock’s recent underperformance relative to its sector and the broader market. The Market Cap Grade remains at 1, underscoring Infosys’ dominant position but also highlighting limited upside potential in the near term given the current valuation and momentum.
Dividend Yield and Investor Appeal
One positive aspect for investors is Infosys’ attractive dividend yield of 3.13% at the current price level. This yield is relatively high for a large-cap IT company, providing a steady income stream that may appeal to income-focused investors amid volatile price action. However, the falling investor participation, as evidenced by the sharp drop in delivery volumes, suggests that many market participants are adopting a wait-and-watch approach.
Sectoral Context and Comparative Performance
The IT - Software sector has experienced a broad-based decline of 3.73% on the day, pressured by global macroeconomic concerns and profit booking after recent gains. Infosys’ sharper fall of 4.64% and its underperformance relative to the sector by 0.81% highlight the stock’s vulnerability to sectoral headwinds and possibly company-specific factors.
Compared to the Sensex’s modest 0.45% decline, Infosys’ performance underscores the heightened volatility and risk perception surrounding large-cap IT stocks in the current environment. The stock’s technical weakness and reduced delivery volumes may also reflect institutional investors trimming positions or reallocating capital to other sectors or stocks with better near-term prospects.
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Outlook and Investor Considerations
Given the current technical and fundamental signals, investors should approach Infosys with caution. The stock’s sustained trading below all major moving averages and the recent downgrade to Hold suggest limited upside in the short term. The high value turnover indicates active trading interest, but the declining delivery volumes point to reduced conviction among long-term holders.
Investors may want to monitor key support levels around ₹1,395 and watch for any reversal signals before considering fresh positions. The attractive dividend yield provides some cushion, but capital appreciation appears constrained amid sectoral weakness and broader market uncertainties.
Institutional investors are likely to remain selective, favouring stocks with stronger momentum or more compelling valuations within the IT sector or other sectors showing fresh momentum signals.
Summary
Infosys Ltd’s trading activity on 12 Feb 2026 was marked by one of the highest value turnovers in the market, reflecting significant investor interest. However, the stock’s underperformance relative to its sector and the Sensex, combined with a downgrade in its Mojo Grade from Buy to Hold, signals caution. Technical indicators remain bearish, and falling delivery volumes suggest waning investor participation. While the dividend yield remains attractive, the overall outlook calls for prudence and close monitoring of price action and sector trends.
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