Nilekani's return to Infosys: The worst is over for firm, say brokerages

Infosys gained over 3% in trade on Monday to Rs 941 levels on the National Stock Exchange, after Nandan Nilekani assumed charge as its non-executive chairman over the weekend. The stock hit a high of Rs 953.95 and a low of Rs 938 on the NSE in morning deals. By comparison, the Nifty50 and the Nifty IT indices gained 0.4% and 0.8%, respectively. 

Given the development, brokerages have revised their price target for the stock and suggest that the worst may be over for the company as regards corporate governance issues are concerned. Infosys, they feel, can now