Thursday 14 July 2016

Infosys IT Chief Samson David resigns

Samson David, Head of Cloud, Infrastructure and the Security unit at Infosys has resigned. This is a major setback to CEO Vishal Sikka who had entrusted Samson with the responsibility of artificial intelligence platform, Mana.

Infosys TechSamson David, Head of Cloud, Infrastructure and the Security unit at Infosys has resigned. This is a major setback to CEO Vishal Sikka who had entrusted Samson with the responsibility of artificial intelligence platform, Mana.

Samson will join Hewlett Packard Enterprise as Senior Vice President, Enterprise Services Delivery, and will report to Nike Nefkens, Executive Vice President of HPE Enterprise Services. 

Stock Commentary: 

Infosys Ltd is currently trading at Rs. 1186.7, down by Rs. 6.45 or 0.54% from its previous closing of Rs. 1193.15 on the BSE.

The scrip opened at Rs. 1195 and has touched a high and low of Rs. 1195.05 and Rs. 1180.05 respectively. So far 914640(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 274059.95 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1278 on 03-Jun-2016 and a 52 week low of Rs. 945.35 on 14-Jul-2015. Last one week high and low of the scrip stood at Rs. 1195 and Rs. 1153.2 respectively.

The promoters holding in the company stood at 12.75 % while Institutions and Non-Institutions held 57.71 % and 29.05 % respectively.

The stock is currently trading below its 50 DMA

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