Why is Infosys stock being hammered in the stock markets?

Infosys has surely become the target of bears. Infosys touched a 10-month low of Rs1,511 and has already fallen 14% in last 1 month since Q4FY22 results. Infosys saw EBIT margins contract by 190 bps to 21.6%. Also revenue guidance was 100 bps lower than the previous quarter, which disappointed markets. Attrition at Infosys is at a high of 26% putting a lot of indirect pressure on the costs and operations of Infosys. Dollar strength is helping.