Infosys market cap wiped out has become one of the biggest stock market talking points this year. India’s second-largest IT services exporter, Infosys, has dropped out of the list of India’s top 10 most valuable companies after a sharp fall in its share price in 2026.
The company has seen nearly ₹2 lakh crore erased from its market capitalisation this year. That sharp decline reflects the pressure seen across IT stocks, even as Infosys posted solid quarterly numbers.
For investors tracking blue-chip stocks, the move is significant because Infosys has long been one of India’s most valuable listed companies.
Market Performance: Infosys Shares Under Pressure in 2026
On April 29, Infosys shares were trading more than 2% higher at around ₹1,175 per share. Despite the rise, the company’s total market value stood at around ₹4.76 lakh crore.
At this level, Infosys ranked 11th among India’s most valuable listed companies.
The bigger story is the fall seen this year.
- Infosys share price declined nearly 29% year-to-date
- Market capitalisation at end of 2025: ₹6.8 lakh crore+
- Market capitalisation on April 29: ₹4.76 lakh crore
- Approximate value wiped out: Nearly ₹2 lakh crore
That is a major correction for one of India’s most respected IT names.
Infosys Slips Out of Top 10 List
The fall in valuation has pushed Infosys outside the top 10 companies by market capitalisation in India.
Replacing Infosys in the top 10 list is Life Insurance Corporation of India (LIC), which held a market value of around ₹5.19 lakh crore.
This change shows how quickly rankings can shift when stock prices move sharply.
Top 10 Companies by Market Capitalisation
Here is the current list of India’s top 10 most valuable companies:
- Reliance Industries – ₹19.02 lakh crore
- HDFC Bank – ₹12.08 lakh crore
- Bharti Airtel – ₹11.41 lakh crore
- State Bank of India – ₹10.09 lakh crore
- ICICI Bank – ₹9.21 lakh crore
- Tata Consultancy Services – ₹8.96 lakh crore
- Bajaj Finance – ₹5.73 lakh crore
- Larsen & Toubro – ₹5.60 lakh crore
- Hindustan Unilever – ₹5.41 lakh crore
- Life Insurance Corporation of India – ₹5.19 lakh crore
Infosys now stands just outside this list.
IT Sector Faces Pressure
The Infosys market cap wiped out story is not happening in isolation. The wider IT sector has also faced pressure.
Tata Consultancy Services (TCS), another major IT player, has also moved out of the top five most valuable companies during this broader sector correction.
This suggests the weakness is sector-wide rather than company-specific alone.
Infosys Q4 Results: Strong Profit Growth
Even amid the market correction, Infosys reported healthy fourth-quarter earnings.
Revenue
Infosys posted revenue of ₹46,402 crore.
- Up 2% quarter-on-quarter
- Up 13.4% year-on-year
Net Profit
Net profit came in at ₹8,501 crore.
- Up 27.8% quarter-on-quarter
The results showed operational strength despite pressure on valuation.
Deal Wins in the Quarter
Large deal bookings above $30 million stood at $3.2 billion during the quarter.
Comparison:
- Previous quarter: $4.8 billion
- Year-ago period: $2.6 billion
This means bookings were lower sequentially but higher compared to the same period last year.
Why Infosys Market Cap Wiped Out Matters?
Infosys has long been seen as a pillar of India’s IT sector. So when such a company loses nearly ₹2 lakh crore in market value within months, markets pay attention.
It matters because:
- Infosys is a heavyweight index stock
- It reflects sentiment in IT shares
- It changes India’s top company rankings
- It signals valuation shifts in large-cap stocks
Large-cap corrections often shape broader market mood.
Company Details: Infosys at a Glance
Infosys is India’s second-largest IT services exporter and one of the country’s most recognised global technology firms.
The company serves clients across industries and geographies, making it a key name in Indian equities.
Because of that scale, every move in Infosys share price is closely tracked by traders and long-term investors alike.
Summary of the Article
The Infosys market cap wiped out theme captures one of the biggest valuation resets of the year.
Key takeaways:
- Infosys slipped to 11th position among India’s most valuable companies
- Nearly ₹2 lakh crore in market value erased this year
- Share price down nearly 29% YTD
- Market cap now around ₹4.76 lakh crore
- LIC entered the top 10 with ₹5.19 lakh crore valuation
- Infosys still posted solid Q4 revenue and profit growth
Infosys remains one of India’s biggest corporate names, but 2026 has clearly been a challenging year for its market valuation so far.
