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siddhant4u

Well-Unknown Member

afin

Rocky Mountain Doomsday Guy
'Those two Madrasis make silly points, ignore them': Infosys CEO Salil Parekh's alleged remarks in whistleblower letter

https://www.businesstoday.in/curren...arekh-whistleblower-infosys/story/385814.html


Infosys share price may fall up to 15% amid allegations of unethical practices: Reliance Securities
Infosys share price which closed 0.18% or 1.35 points lower at Rs 767.75 on Friday is likely to see a 10-15% downside in the near term, according to Harit Shah, Research Analyst at Reliance Securities.


Commenting on the development, Shah said, " This equates to a corporate governance issue. Deputy CFO has also quit. This in itself is an indirect admission that something is rotten. Stock will now languish 10-15% lower in the near term."

The group said they were prevented from sharing data on large deals and important financial measures during board meetings. "CEO and CFO are asking us to show more profits in treasury by taking up risks and make a change to policies. This will provide short-term profits," the group alleged.

Shah said, "It was really disappointing that a company that has long been viewed as a 'poster boy' of corporate governance in India has seemingly fallen to such levels. It puts several questions on board-level processes at the IT major, which is even more disappointing given that when founder Nandan Nilekani was brought back on the board, his specific focus was to ensure high corporate governance standards post the Vishal Sikka fiasco."

Citing the corporate governance issue in this development, Shah said, "The market is very unforgiving of companies that have corporate governance issues and while it would not be fair to directly jump to conclusions, this issue appears quite ugly at least on the surface. While we await developments on the board investigation, given the stock is so widely held, it is very likely that some investors will vote with their feet and sell at least some of their holdings."



https://www.businesstoday.in/market...ions-of-unethical-practices/story/385890.html
What a racist prick! I hope he gets the boot immediately
 
My tukka view

BNF
is positive till it is above 29100,
though not negative till BNF is above 29050
sustaining above 29100 will move for 29250 and above 29250 for 29400/450 (minimum)

staying below 29050 will be negative and will lead it to 28800

ltp 29140
 

travi

Well-Known Member
Ek tho hoga kal, dusre ko time lagega,
Very big heavy weights are in this counter,
those ADRs are relatively thinly traded, like sgx nifty always going the wrong way :DD

While everyone will jump in to short, the covering will also be spectacular
 
INFY
740 should be considered as a danger line
staying below it, INFY will be for 700/680

and if sustains above 740, then will be for 800/820

ltp 768
 

TraderRavi

MM is the holy grail
"The developments at Infosys remind us about whistleblower’s allegation at a leading financial institution that resulted in the ouster of its CEO last year. In fact, after much delay, the board of that institution had to appoint an independent Committee to look into the allegations to assuage disgruntled stakeholders. "

which company ?
 

andal

Well-Known Member
"The developments at Infosys remind us about whistleblower’s allegation at a leading financial institution that resulted in the ouster of its CEO last year. In fact, after much delay, the board of that institution had to appoint an independent Committee to look into the allegations to assuage disgruntled stakeholders. "

which company ?
Yes Bank
 

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