GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of Infosys Ltd tumbled 5.5% on Wednesday, extending a two-day slide of over 8% that pushed the IT giant into bear market territory. The sharp decline has not only rattled investors but also erased Rs 6,875 crore from the notional wealth of co-founder Narayana Murthy and his family. At its session low of Rs 1,563.80 on Wednesday, Infosys shares were down nearly 22% from its 52-week peak of Rs 2,006.80, reached in December 2024. The stock’s latest slump follows brokerage downgrades amid growing concerns over slowing IT spending in the U.S. and macroeconomic headwinds. Murthy’s family, which collectively holds a 4.02% stake in Infosys, saw the value of their holdings shrink to Rs 26,287 crore as of Wednesday, from Rs 33,163 crore in mid-December. Murthy himself holds a 0.40% stake in Infosys, which was worth Rs 3,299.79 crore after the latest decline, down Rs 684 crore. His wife, Sudha Murty, owns a 0.92% stake, now valued at Rs 7,600...

[hfe_template id='11223'] [ad_1] As Infosys shares nosedived by 5.8% on Friday to close at Rs 1,815.10 on the BSE, the Murthy family’s fortunes took a significant hit, eroding approximately Rs 1,900 crore from their combined net worth. The family, holding a total 4.02% stake in Infosys, saw the value of their holdings drop to Rs 30,292 crore following the shares selloff, with Infosys’ market cap sliding to Rs 7.53 lakh crore . As of the quarter ended September, Infosys’ co-founder and promoter NR Narayana Murthy owned a 0.40% stake in the IT major, while his wife Sudha N Murty held 0.92%. Their son Rohan Murty owned 1.62% of the company, while their daughter Akshata Murty, wife of former UK Prime Minister Rishi Sunak, held a 1.04% stake. Narayana Murthy’s grandson, Ekagrah Rohan Murty, held a marginal 0.04% stake in Infosys, as of the September quarter. Together, the five members of the Murthy family owned a 4.02% stake in Infosys as of the September quarter, valued at ...