|Bid||14.16 x 4900|
|Ask||14.20 x 5500|
|Day's Range||13.88 - 14.68|
|52 Week Range||13.42 - 16.71|
|PE Ratio (TTM)||15.56|
|Dividend & Yield||0.46 (3.11%)|
|1y Target Est||N/A|
Infosys needs to find a suitable replacement who can continue with the turnaround of the company that departing CEO Vishal Sikka started.
CIMB has downgraded Infosys (INFY) (500209.IN) to hold from add on concerns about increasing uncertainty at the Indian IT giant after the shock resignation of CEO Vishal Sikka. Infosys has also endured an exodus of senior executives. CIMB reckons a change of CEO may not put to rest the issues between the founders and the board: We believe that finding a right candidate for the CEO role, who needs to drive the transformation and sales/earnings growth (esp.
Infosys (INFY) announces a $2 billion share buyback program after Vishal Sikka's unexpected resignation as CEO and MD caused a huge stir.