Will Infosys stock soar after clean chit for Salil Parekh?2 min read . Updated: 10 Jan 2020, 06:38 PM IST
- While announcing its Q3 results, the company has revised the full-year constant currency revenue growth guidance upwards to 10%-10.5%, from 9%-10% earlier
- Infosys said on Friday that its audit committee found no evidence of financial impropriety or executive misconduct
Mumbai: Infosys Ltd shares have received the cold shoulder from investors ever since an anonymous whistleblower alleged serious misconduct by its top management. With the company now issuing a detailed statement, offering almost a point-to-point rebuttal to the allegations, a moot question is if the shares will rally. Indeed, they have risen about 6% in pre-market trading on the New York Stock Exchange.
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