Despite Various Top-Level Exits, Infosys' Stocks Are Up By 50 Percent


Bangalore: Despite various top-level exits, Infosys’ stocks are up by 50 percent since June, courtesy of N. R. Narayana Murthy’s return. The Chairman Emeritus is now the Executive Chairman of the board and will stay so for the next five years, a period during which he plans to restore the IT firm back to its former glory, reports The Economic Times. Earlier, when Murthy laid out his expectations for his second stint at the company he highlighted that he expects Infosys to be alive and kicking again no sooner than three years, and that it was a long road to recovery.

The Chairman’s return seems to have sent a strong message to all its employees, clients and investors that they are serious about reviving the company irrespective of the competitiveness the information technology industry presents them with. With the shareholders giving Murthy the benefit of doubt, the company’s shares, bar a 2 percent decline last week after Balakrishnan’s exit, are still trading at a record high.

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