Infosys Limited's share price fell on Thursday, March 13, 2025, following a block deal in the stock on Wednesday. The stock declined 0.73% to ₹1,579.30 per share at 10:53 AM.
Infosys promoter Shruti Shibulal acquired additional shares worth ₹470 crores via an open market transaction. Shruti, the daughter of Infosys co-founder and former CEO SD Shibulal, is classified as a promoter in the company’s shareholding pattern. As of the latest December quarter, she held a 0.07% stake in the Bengaluru-based IT firm.
According to block deal data on NSE, Shruti purchased 29,84,056 equity shares of Infosys. The transaction had an average price of ₹1,574 per share, taking the total deal value to ₹469.69 crores.
Meanwhile, Gaurav Manchanda, another family member of SD Shibulal, sold 29.84 lakh shares at the same price. This transaction follows Shruti’s purchase of Infosys shares worth ₹494 crores on Tuesday.
Infosys share performance and US tech stock rally
Infosys share price fell even as the United States' Nasdaq index settled 1.22% or 212 points higher at 17,648.45, driven by gains in tech stocks. Despite the rally in US technology shares, Infosys shares witnessed selling pressure in domestic markets, highlighting the volatility in share market investment.
Infosys expands collaboration with Citizens Financial Group, Inc.
Infosys announced on Tuesday, March 11, 2025, that it has expanded its strategic collaboration with the US-based financial institution, Citizens. The company stated in an exchange filing that Citizens will leverage Infosys' expertise in financial services, cloud, AI, and automation to develop cloud-native domain platforms and exit data centres.
Dennis Gada, Executive Vice President (EVP) and Global Head of Banking and Financial Services at Infosys, stated, "We are excited to strengthen our collaboration with Citizens by leveraging our AI expertise with Infosys Topaz to advance their transformation objectives and business growth. As we transition to an AI-first world, this collaboration aims to redefine possibilities in banking, combining the strengths of both Infosys and Citizens in banking and technology."
Over the past five years, Infosys and Citizens have achieved key milestones, including developing a domain-centric platform strategy, establishing a robust data lake, developing enterprise APIs, migrating critical workloads, rationalising applications, and reaching 90% automation in testing processes.
Infosys share price trend and market impact
Despite the promoter's increased stake and positive global tech cues, Infosys' share price remained under pressure. Market analysts believe that share market investment in IT stocks has been influenced by macroeconomic factors, sectoral trends, and global economic outlook.
At 11:30 AM on March 13, 2025, the shares of Infosys were trading at ₹1,572.35 per share on the NSE.
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