Infosys Shares Surge By 26% That Instills Hopes Of Company Revival

It seems Infosys is back to business after Vishal Sikka’s appointment as the new chief executive officer. The IT giant’s shares have increased 26% since Sikka took charge, raising hopes of company revival.

Since the beginning of 2014 to end of May, Infosys’ shares slipped 15% as many senior-level employees exited the company. But with Sikka at the helm, there seems to be a fresh impetus to secure big deals even in those areas where the company has never ventured before.

"Under the new operative model, Vishal Sikka, who is based out of the US, is focusing on leveraging his network to raise Infosys' profile among clients to get new orders. Sikka has also turned more active in client engagements, while defining technical road-map for Infosys," said the chief investment officer of a leading mutual fund company.

Investors and analysts expect Sikka to come up with strategic growth plans for Infosys on October 10, during the company’s presentation on second quarter results.

"Sikka is going to share his vision document and priorities in the next board meeting scheduled in October. We will get a clear picture where Infosys is headed post that meeting. Having said that, the vibes from the new management have been good so far," said Motilal Oswal, CMD of Motilal Oswal Financial Services.