📅 Infosys Limited Seasonality

Infosys Limited (INFY) has ended October higher in 11 of the last 22 years (50%), with an average October move of +1.4%. The strongest October was 2011 (+14.2%) and the weakest was 2019 (-14.9%).

INFY · data since 2004 (23 yrs) Prices through 16 Oct 2026
11/22
Octobers closed higher
+1.4%
Avg October move
+16.8%
October so far
July
Best month · avg +5.3%
April
Weakest month · avg -2.8%
23
Years of history
Current month: October 2026 historically up 50% of years (11/22) avg +1.4% best 2011 +14.2% worst 2019 -14.9% so far +16.8%

Infosys Limited's historically strongest month is July — up in 16 of 23 years (70%) with an average gain of +5.3%. The weakest month has been April, averaging -2.8% with gains in only 9 of 23 years. The most consistent month by hit rate is December (16/22 years positive).

📊 Average return by month

2004–2026 · completed months only
Bars above the zero line are months INFY typically gained; hover for hit rates.

🗓️ Month-by-month returns (2004–2026)

dashed cell = current month to date
Year JanFebMarAprMayJunJulAugSepOctNovDec
Avg +3.3-1.0-0.6-2.8+1.9+2.6+5.3+1.1+1.0+1.4+1.9+3.3
Up % 55%48%43%39%57%70%70%65%57%50%73%73%
2026 +1.6 -20.8 -3.8 -5.5 -1.8 -13.8 +13.0 +0.3 -12.3 +16.8 · ·
2025 -0.0 -10.2 -6.9 -4.5 +4.2 +2.5 -5.8 -2.6 -1.9 +2.8 +5.2 +3.5
2024 +7.6 +0.8 -10.5 -5.2 -1.0 +11.4 +19.2 +4.0 -3.5 -6.3 +5.7 +1.2
2023 +1.7 -3.0 -4.0 -12.3 +5.2 +1.3 +1.5 +5.9 +0.0 -4.7 +6.3 +6.0
2022 -8.0 -1.2 +11.1 -17.8 -4.1 -2.8 +6.0 -3.7 -5.3 +8.8 +6.3 -7.8
2021 -1.3 +1.2 +9.2 -1.0 +2.9 +13.4 +1.9 +6.0 -1.8 -0.4 +2.7 +10.2
2020 +6.1 -5.7 -12.3 +11.5 -3.4 +6.5 +31.3 -3.9 +8.6 +5.2 +3.7 +14.2
2019 +13.7 -2.0 +0.5 +1.8 -1.8 -0.8 +8.4 +2.7 -1.1 -14.9 +1.6 +5.0
2018 +37.4 +1.9 -3.5 +6.0 +2.7 +6.1 +4.4 +5.6 +1.3 -6.0 -2.8 -1.3
2017 -8.1 +9.0 +1.0 -10.1 +6.3 -2.8 +8.1 -9.5 -1.6 +3.9 +5.9 +6.8
2016 +5.4 -6.9 +12.4 -0.8 +3.4 -5.1 -8.3 -3.5 +0.0 -2.7 -2.2 +3.6
2015 +8.6 +5.8 -2.1 -12.4 +4.2 -1.2 +9.4 +1.6 +6.2 -1.4 -4.2 +1.6
2014 +6.2 +3.3 -14.2 -3.1 -6.3 +10.8 +3.4 +6.9 +4.1 +8.9 +7.6 -9.5
2013 +20.3 +4.2 -0.6 -22.6 +9.1 +3.6 +18.8 +4.6 -3.0 +10.5 +1.3 +3.9
2012 -0.8 +5.0 -0.6 -14.1 +0.0 +3.3 -11.3 +6.0 +7.3 -6.2 +3.1 -4.9
2011 -9.4 -3.9 +8.1 -10.3 -3.5 +4.5 -4.6 -15.6 +8.1 +14.2 -9.4 +6.2
2010 -4.8 +5.1 +0.5 +4.7 -2.3 +5.0 -0.1 -2.7 +12.4 -1.3 +2.7 +12.8
2009 +17.1 -5.8 +7.5 +14.0 +6.4 +11.6 +16.2 +3.2 +8.2 -3.9 +7.8 +9.3
2008 -15.3 +3.3 -7.0 +21.8 +13.6 -11.5 -8.8 +10.5 -20.1 +0.1 -10.5 -10.3
2007 +0.2 -7.6 -2.8 +1.6 -6.2 +0.6 +2.4 -6.1 +2.1 -2.6 -12.8 +10.4
2006 -3.9 -1.8 +5.4 +5.3 -6.1 +5.8 +7.5 +9.1 +2.4 +13.6 +4.0 +2.8
2005 -1.1 +8.3 +0.8 -16.4 +19.3 +5.1 -3.8 +4.7 +5.9 +0.5 +6.4 +11.6
2004 · -2.9 -2.5 +4.2 +3.3 +6.2 +12.5 +1.4 +7.6 +12.7 +12.7 -2.7

🏆 Top 25 seasonal picks — October 2026

ranked walk-forward on historical consistency · median stock so far: -1.9%
#StockRecordWin %Avg returnSo far
1 MUTHOOTFIN Muthoot Finance Limited 13/15 yrs up 87% +4.4% -5.1%
2 POKARNA Pokarna Limited 9/10 yrs up 90% +9.7% +1.2%
3 STYRENIX Styrenix Performance Materials Limited 18/22 yrs up 82% +3.7% +2.3%
4 TBZ Tribhovandas Bhimji Zaveri Limited 12/14 yrs up 86% +12.3% +19.5%
5 RAMCOCEM The Ramco Cements Limited 17/22 yrs up 77% +0.6% -4.8%
6 OBEROIRLTY Oberoi Realty Limited 12/15 yrs up 80% +6.1% -3.5%
7 PDSL PDS Limited 9/11 yrs up 82% +9.4% -2.8%
8 MCX Multi Comm. Exc. 11/14 yrs up 79% +8.9% -4.2%
9 INDOTECH Indo Tech Transformers Limited 15/20 yrs up 75% +6.7% -3.8%
10 SUZLON Suzlon Energy Limited 15/20 yrs up 75% +4.8% +6.4%
11 RSYSTEMS R Systems International Limited 15/20 yrs up 75% +4.2% -6.6%
12 IFBAGRO IFB Agro Industries Limited 16/22 yrs up 73% +11.7% -3.1%
13 GMDCLTD Gujarat Mineral Development Corporation Limited 16/22 yrs up 73% +8.5% -7.2%
14 USHAMART Usha Martin Limited 16/22 yrs up 73% +6.0% -1.5%
15 GSFC Gujarat State Fertilizers & Chemicals Limited 16/22 yrs up 73% +4.6% -1.3%
16 ICICIBANK ICICI Bank Limited 16/22 yrs up 73% +4.5% +5.7%
17 SHRIRAMFIN Shriram Finance Limited 16/22 yrs up 73% +2.8% -4.3%
18 KABRAEXTRU Kabra Extrusion Technik Limited 16/22 yrs up 73% +2.2% +0.4%
19 HIRECT Hind Rectifiers Limited 14/19 yrs up 74% +4.7% -2.7%
20 TI Tilaknagar Industries Limited 12/16 yrs up 75% +9.5% +2.0%
21 KECL Kirloskar Electric Company Limited 12/16 yrs up 75% +8.0% -1.9%
22 IMFA Indian Metals & Ferro Alloys Limited 12/16 yrs up 75% +8.0% -0.9%
23 DBREALTY Valor Estate Limited 12/16 yrs up 75% +7.4% -9.7%
24 ATULAUTO Atul Auto Limited 10/13 yrs up 77% +8.3% -5.6%
25 MINDTECK Mindteck (India) Limited 8/10 yrs up 80% +5.1% -2.8%
“So far” = return in the current (incomplete) period. Full methodology and the past-performance record of these lists: Seasonality hub →
Current quarter: Q4 2026 historically up 68% of years (15/22) avg +6.7% so far +16.8%

By quarter, Q3 (Jul–Sep) has been the strongest for INFY: up in 15 of 23 years, averaging +7.5%. Q2 (Apr–Jun) has been the softest (+1.5% on average). The current quarter (Q4) has historically closed higher 68% of the time.

📊 Average return by quarter

Q1 = Jan–Mar … Q4 = Oct–Dec
Calendar quarters, close-to-close. Hover for hit rates.

🗓️ Quarter-by-quarter returns

dashed cell = current quarter to date
Year Q1Q2Q3Q4
Avg +1.6+1.5+7.5+6.7
Up % 55%52%65%68%
2026 -22.6 -20.0 -0.6 +16.8
2025 -16.5 +2.0 -10.0 +12.0
2024 -2.9 +4.6 +19.7 +0.2
2023 -5.3 -6.5 +7.5 +7.5
2022 +1.0 -23.3 -3.3 +6.7
2021 +8.9 +15.6 +6.0 +12.7
2020 -12.3 +14.7 +37.0 +24.6
2019 +12.0 -0.8 +10.1 -9.2
2018 +35.2 +15.5 +11.7 -9.7
2017 +1.2 -7.1 -3.8 +17.4
2016 +10.2 -2.8 -11.5 -1.4
2015 +12.5 -9.9 +18.0 -4.0
2014 -5.8 +0.5 +15.1 +6.1
2013 +24.6 -12.5 +20.6 +16.4
2012 +3.6 -11.2 +1.0 -8.0
2011 -5.8 -9.6 -13.0 +9.9
2010 +0.6 +7.3 +9.3 +14.4
2009 +18.7 +35.3 +29.8 +13.3
2008 -18.6 +22.4 -19.5 -19.6
2007 -10.0 -4.1 -1.9 -6.2
2006 -0.5 +4.7 +20.2 +21.5
2005 +7.9 +4.8 +6.7 +19.4
2004 · +14.3 +22.8 +23.7

🏆 Top 25 seasonal picks — Q4 2026

ranked walk-forward on historical consistency · median stock so far: -1.9%
#StockRecordWin %Avg returnSo far
1 RHIM RHI MAGNESITA INDIA LIMITED 13/14 yrs up 93% +14.0% -3.8%
2 APOLLOHOSP Apollo Hospitals Enterprise Limited 19/22 yrs up 86% +6.2% -3.4%
3 RSYSTEMS R Systems International Limited 17/20 yrs up 85% +24.7% -6.6%
4 STAR Strides Pharma Science Limited 18/22 yrs up 82% +6.3% -6.7%
5 DRREDDY Dr. Reddy's Laboratories Limited 18/22 yrs up 82% +4.5% +0.0%
6 PROZONER Prozone Realty Limited 12/14 yrs up 86% +19.8% -3.9%
7 POLYMED Poly Medicure Limited 12/14 yrs up 86% +9.2% -4.8%
8 INDOTECH Indo Tech Transformers Limited 16/20 yrs up 80% +23.2% -3.8%
9 TI Tilaknagar Industries Limited 13/16 yrs up 81% +22.7% +2.0%
10 FIEMIND Fiem Industries Limited 15/19 yrs up 79% +14.2% +2.2%
11 BSOFT BIRLASOFT LIMITED 17/22 yrs up 77% +21.8% +17.1%
12 SONATSOFTW Sonata Software Limited 17/22 yrs up 77% +20.2% -4.0%
13 FACT Fertilizers and Chemicals Travancore Limited 17/22 yrs up 77% +20.1% -3.3%
14 TVSHLTD TVS Holdings Limited 17/22 yrs up 77% +15.4% -5.0%
15 APARINDS Apar Industries Limited 17/22 yrs up 77% +15.1% -7.8%
16 STYRENIX Styrenix Performance Materials Limited 17/22 yrs up 77% +11.0% +2.3%
17 EPL EPL Limited 17/22 yrs up 77% +10.4% -2.1%
18 TORNTPHARM Torrent Pharmaceuticals Limited 17/22 yrs up 77% +8.5% -5.0%
19 WIPRO Wipro Limited 17/22 yrs up 77% +8.4% +16.3%
20 HINDALCO Hindalco Industries Limited 17/22 yrs up 77% +7.6% -3.6%
21 VTL Vardhman Textiles Limited 17/22 yrs up 77% +7.4% -0.5%
22 HDFCBANK HDFC Bank Limited 17/22 yrs up 77% +6.2% +2.8%
23 COROMANDEL Coromandel International Limited 17/22 yrs up 77% +5.9% +0.0%
24 ASIANPAINT Asian Paints Limited 17/22 yrs up 77% +4.3% -2.9%
25 JPOLYINVST Jindal Poly Investment and Finance Company Limited 10/12 yrs up 83% +34.9% +2.1%
“So far” = return in the current (incomplete) period. Full methodology and the past-performance record of these lists: Seasonality hub →
❓ INFY seasonality — FAQ
How often does Infosys Limited rise in October?
Historically INFY has closed October with a gain in 11 out of 22 years — a 50% hit rate — averaging +1.4% for the month (data since 2004).
Which is the best month to buy Infosys Limited historically?
Based on 23 years of data, July has been INFY's strongest month: positive in 70% of years with an average return of +5.3%. Past seasonality does not guarantee future results.
Which is the weakest month for Infosys Limited?
April has historically been the weakest month for INFY, with an average move of -2.8% and gains in just 9 of 23 years.
Which quarter is historically strongest for Infosys Limited?
Q3 (Jul–Sep) — positive in 15 of 23 years with an average return of +7.5%.
Does seasonality guarantee future returns?
No. Seasonality is a historical tendency, not a prediction. It reflects how a stock happened to trade in past calendar periods and can break at any time. Use it as one research input alongside fundamentals and technicals, and consult a SEBI-registered adviser before investing.

Methodology: returns are close-to-close over calendar months and quarters, computed from adjusted daily prices since 2004. A period's return is only counted when the immediately preceding period also traded. Statistics cover completed periods; the current period is shown separately as “so far”. Seasonality is a historical tendency, not a prediction or investment advice. Consult a SEBI-registered adviser before investing.

⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI