|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||14.08 - 14.38|
|52 Week Range||13.42 - 16.71|
|PE Ratio (TTM)||15.24|
|Dividend & Yield||0.46 (3.16%)|
|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.
India and INFY) are down 2.3% today even after the company said it would repurchase nearly 5% of shares. The company attempted to shore up the stock with a share buyback plan after CEO Vishal Sikka resigned last week, but investors seem more fixated on news that divisive Infosys co-founder Narayana Murthy will speak to shareholders Wednesday. Infosys paid a $1 million New York legal settlement in June, without admitting fault, on allegations that it failed to adequately compensate hundreds of workers, avoided taxes and broke U.S. visa rules.
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.