Will INFY BOUNCE BACK TODAY

Will INFOSYS Bounce back

The CEO of the software giant INFOSYS Vishal Sikka resigned from his post and the stock price moves down to nearly 10%.
Because of this resignation investors 30000 crore rupees are wiped out yesterday.
Infosys stock slipped over 13 per cent in intra day trade to touch its multi-year low of Rs 884.20 in trade on Friday.The ADR of infy at Nasdaq is down more than 7%,

The infosys board of directors blamed the founder Mr Narayan Murti for Sikka's resignation.
In his notice of resignation,Sikka reiterated his belief in the potential of Infosys butcited among his reasons for leaving a continous stream of distractions over the recent months and quarters.
The company is taking a buyback decision today this step can lift the stock price upward.
Todays buyback shares proposal can stop INFY going down