Infosys extends fall on heavy volumes; stock hits one-month low

The stock was down 3.5% to Rs 923, extending its 2.4% decline in past two trading sessions on NSE.

Infosys hit one-month low of Rs 923, down 3.5% on the National Stock Exchange (NSE) in intra-day trade, extending its 2.4% decline in past two trading sessions, on back of heavy volumes.

At 01.42 am; the stock was trading 2% lower at Rs 936, as compared to 0.15% decline in the Nifty 50 and 0.89% fall in the Nifty IT index. The trading volumes on the counter more than doubled with a combined 4.75 million shares changed hands on the BSE and NSE so far.

According to media report, Infosys co-founders were looking to sell their entire stake