India, April 25 -- Shares of IT major Infosys on Friday slumped 7 per cent after its revenue growth forecast for FY27 came in lower than market expectations. The stock declined 7.09 per cent to settle at Rs 1,154.45 on the BSE.

During the day, it dropped 7.26 per cent to hit a 52-week low of Rs 1,152.35.

At the NSE, the stock tanked 6.93 per cent to Rs 1,154.60. The company's market valuation declined by Rs 35,746.38 crore to Rs 4,68,201.44 crore.

As per a report by JM Financial Institutional Securities Limited, Infosys reported 4QFY26 results - revenue and margins were below expectations.

"Forward-looking indicators -Infosys guided for 1.5 per cent-3.5 per cent YoY cc revenue growth for FY27 (includes 20-25bps of acquisition), lower ...