New Delhi, Feb. 27 -- Shares of Infosys, the country's second-largest software maker, are on track to post their worst monthly performance in over a decade amid investor concerns over disruptions linked to artificial intelligence. The sell-off is not limited to Infosys; other tech majors have also seen their stocks melt heavily on exchanges, erasing billions from their market value.
Amid sustained selling pressure, Infosys stock has lost 20.34% of its value in February, slipping to Rs.1,308 apiece, marking its biggest monthly drop since April 2013, when it plunged 22.75%, and has also contributed to a 26.3% decline from the 52-week high of Rs.1,775 apiece, placing it among the worst performers in the large-cap space.
The crash has led t...
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