Ranganath's exit from Infosys can puncture stock's momentum, say analysts

The exit, which was announced on Saturday, triggered a knee-jerk reaction in the stock that slipped around 4 per cent in intra-day trade once the markets opened for trade on Monday to Rs 1,373 levels

Problems, it seems, have a way of finding Infosys. Just when the company was stabilising after the high profile exits of Vishal Sikka, their managing director and chief executive and Vishal Dadlani, its Americas head and global head of manufacturing and retail in 2017, Infosys’ chief financial officer M. D. Ranganath decided to leave the company.

The exit, which was announced on Saturday, surprised the Street and triggered 4 per cent fall in Infosys’ stock in intra-day trade on Monday to Rs 1,373 levels on the NSE. It, however, recovered partially as trade progressed.

Though the hunt