The Keyman Returns – and markets may cheer that. Infosys shares, sagging in the face of less-than-expected profit growth and outperformance by peers, may get a boost from the return of NR Narayana Murthy as its executive chairman, say investment analysts.
Analysts expect the main founder’s return will bring clarity on the role and function of top executives, improve execution prowess and revive organisational morale in the Bangalore-based. While some expect a 5-8% jump in Infosys scrip to Rs 2,500-2,600 in the week ahead, though others are not clear how far it may surge.
“I think it is a very positive step and the market should react positively,” said Ajay Bodke, head of investment strategy at brokerage Prabhudas Liladhar.