NEW DELHI: The Infosys stock on Monday saw a major turnaround as the IT behemoth's shares rose by 4.60 per cent in morning trade. It hit an intra day high of Rs 953.95 on the Nifty.Monday's turnaround of the dwindling Infosys stock is being credited by the Street to Nandan Nilekani 's return as chairman. Nilekani's presence is expected to soothe the nerves of those within Infosys as well as the investor community. The appointment was followed by high-level exits from the tech giant, as former CEO Vishal Sikka and directors Jeffery S Lehman and John Etchemendy resigned from the Infosys board with immediate effect. "On the higher side, unless the stock crosses the Rs 1,000 barrier it is difficult to say that it has come out of the slump.

Source: Times of India August 28, 2017 06:56 UTC