Infosys founder assures shareholders, scrip shoots up
DSIJ Intelligence / 30 Aug 2017
In the wake of Nandan Nilekani returning to Infosys to take over as the company’s non-executive chairman, Infosys has bounced back. It opened at Rs 937.2 per share, up by 1.05% on Wednesday.
In the wake of Nandan Nilekani returning to Infosys to take over as the company’s non-executive chairman, Infosys has bounced back. It opened at Rs 937.2 per share, up by 1.05% on Wednesday. The stock was trading marginally higher during the opening hour and attracted traded volume of 14,79,652 shares and traded value of Rs 138.11 crores as of 0935 hours.
The stock has been witnessing more than around 50% of deliverable quantity to the traded quantity over the past few trading sessions. The Nifty IT index was trading at the 10,508 level, up by 0.02%. Meanwhile, speaking to investors during a conference call on Tuesday, Infosys’ founder N R Narayana Murthy defended his role, saying that his actions were in the interest of the shareholders.
Meanwhile, Nifty was trading at the 9,882 level, up by 86 points while Sensex was trading at the 31,632 level, up by 244 points during the morning trade. HDFC Twins and Reliance Industries were contributing the most to the gains of major indices in the market.
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