Infosys gets its mojo back!

As expected, Infosys is the mover and shaker on the market today. The Narayana Murthy charisma is at work. The stock which had closed at Rs.2407.60 on Friday, opened at Rs.2524.80 and it is currently at Rs.2538, up 5.42%. It had hit an intra day high at Rs.2624.90. Volumes are huge at almost 3 lakh shares today compared to 65,000 shares over past two weeks average.

The stock is booming after the Board, in a very surprising move, got in the founder of Infosys, Narayana Murthy back as executive Chairman of the company. He is back in this role after a gap of 7 years and it is widely expected that his coming back will help the company bounce back with vigor. He is expected to make some sweeping changes like maybe going in for some major acquisitions and put the limelight on its 3.0 strategy. His son, Rohan Murty will be assisting Narayana Murthy and that too is being viewed by many as a step ahead in getting in the next generation into the company.