Narayana Murthy and Family lost Rs 18500000000 after Infosys share price declined by…drags stock market…

Despite the challenges, Infosys remains optimistic about its recovery prospects in the near term.

A sharp decline of nearly 6% in Infosys Ltd stock not only impacted the broader IT sector and benchmark indices such as Sensex and Nifty but also significantly reduced the net worth of the Murthy family, who collectively own a notable stake in the IT giant.

Murty Family Holdings In Infosys

Narayana Murthy: The Infosys co-founder holds a 0.40% stake. Sudha Murty: Narayana Murthy’s wife owns a 0.92% stake. Rohan Murty: Their son holds a 1.62% stake. Akshata Murty: The daughter of Narayana Murthy and wife of former UK Prime Minister Rishi Sunak owns a 1.04% stake. Ekagrah Rohan Murty: NRN’s grandson holds a marginal 0.04% stake.

Collectively, the family owns a 4.02% stake in Infosys. Following the stock drop, their holdings were valued at approximately Rs 30,300 crore, compared to Rs 32,152 crore a day earlier a notional loss of over Rs 1,850 crore, according to a Business Today report.

Infosys Stock Performance

Infosys shares declined by 5.89%, hitting a low of Rs 1,812.70 on the BSE. This drop reduced the IT stock’s six-month gains to 5.42%, despite third-quarter (Q3) results that exceeded market expectations on several fronts.

Key Drivers Behind Infosys Stock Fall

While Infosys reported revenue growth of 1.7% in constant currency (CC) on a quarter-on-quarter basis, brokerages expressed concern about underlying factors:

JM Financial: The report noted that while headline numbers were strong, the growth was largely driven by pass-through and inorganic contributions, casting doubt on core business performance.

Sharekhan: Highlighted concerns over Q4 guidance, which points to a possible 2.2% to 0.2% decline in CC growth due to fewer working days, seasonality, and reduced third-party revenues.

Infosys Management: Stated that clients are prioritizing cost-focused deals over discretionary spending, though signs of a pickup in discretionary spends and recovery in BFSI and retail verticals are emerging.

The stock’s decline underscores market volatility and investor scepticism despite strong results, reflecting the dynamics at play in India’s IT sector.