Trump's new H-1B visa rule hits Indian IT stocks

Business Sep 21, 2025

A new executive order from President Trump now imposes an additional $100,000 in fees on H-1B visas, and it's already shaking up Indian tech companies listed in the US.
Infosys shares dropped 4% and Cognizant declined 4.7% on Friday as investors worried about how these higher costs could hurt profits—especially with US immigration rules getting tighter.

Profit margins could shrink by 1-2%

Industry expert Pareekh Jain says profit margins could shrink by 1-2% if the rule also hits existing visa renewals.
The extra expense might make hiring and project delivery trickier for companies that rely on H-1B workers.
Still, some firms focused on offshore operations may feel less impact thanks to their global work models.