Business Standard

Infosys surges nearly 5% today; should you buy the stock?

Shares of Infosys have slipped around 14 per cent in the last 12 days after an anonymous whistleblower group alleged that the company's management was taking 'unethical' steps to spur revenue.

Infosys plans less staff deployment to meet future demands, check attrition
Premium

Swati Verma New Delhi
Leading information technology (IT) players such as Infosys, HCL Tech, and Tata Consultancy Services (TCS) were trading in the positive territory on Thursday. Infosys (up over 4.50 per cent) was the top performer on the S&P BSE Sensex, while TCS was trading close to its all-time high of Rs 2,296 on the BSE. HCL Tech, too, was trading nearly a per cent higher. Tech Mahindra, however, was trading over a per cent lower at Rs 747.40 apiece on the BSE. 

Shares of Infosys were trading higher for the fifth straight day, up 9 per cent in past one week, as

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in