Notes on Indian equities, sectors and economy

Infy Equation: 1 NRN greater than 7 business heads

Posted by fairval on January 11, 2014

A good chart from a broker report which shows the avalanche of top level resignations at Infy since the advent of NRN 2 (NRN + NRN Jr).

While, Infy is back to beating expectations, it is not yet outperforming. Over the last 365 days, CNX IT is up 60%, Infy is only up 53%, so it is still underperforming. Amongst key peers, TCS is up 74% and HCL Tech is up 104%. So while Infy’s stock seems to have revived compared to its own slumberous ways, NRN has still to show he has what it takes to make Infy the bellwether. Looks like a tough task, given the rate at which seniors are decamping.



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