Big Blow for Narayana Murthy! Infosys Stock Tumbles, Erasing ₹1,900 Crore from Family Wealth

On January 17, 2025, Infosys Ltd., India's second-largest IT services provider, reported a 5.77% drop in its share price, closing at ₹1,815.10 per share.  This decline led to a significant reduction in the net worth of co-founder N.R. Narayana Murthy's family, whose 4.02% stake in the company decreased in value by approximately ₹1,900 crore, now totaling ₹30,334 crore. Despite reporting an 11.4% year-on-year increase in consolidated net profit to ₹6,806 crore for the December quarter, concerns about the quality of earnings, particularly the reliance on third-party items in the deal pipeline, have raised questions about the sustainability of this growth. 

 

Source: Reuters, Marketwatch