The news of Nandan Nilekani’s appointment as Infosys chairman of the board has come as a great relief to the investors. Since last week, Infosys has seen a bloodbath in the market capital with the share price touching the lowest level in last 3 years. However, with Nilekani’s appointment, the situation is set to get better in the coming time.
Nandan Nilekani is a person well aware of the inside situation of the company. He co-founded Infosys along with 6 others and was involved in day-to-day operations till 2009 before he resigned to head aadhaar program for the UPA government. His elevation to the top ranks once again proves that Infosys is looking for insiders who are not supporters of major cultural and strategical changes within the company. The move might have come after the huge fiasco, but as they say, better late than never.
Intra-day experts have been suggesting Infosys as one of the best shares to trade on Monday, the first day of trading after the news came in. Share market will be closed today on occasion of Ganesh Chaturthi.