Murthy’s return may cheer infy shares: analysts

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.

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.

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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.