Infosys Jumps Most Since January as Billionaire Murthy Returns
This article is for subscribers only.
Infosys Ltd. surged the most in nearly five months after co-founder N.R. Narayana Murthy returned as chairman to spur growth that analysts project at half the pace compared with Tata Consultancy Services Ltd.
Shares of India’s second-largest software exporter rose 4.3 percent to 2,514.1 rupees at close of trading, the most since Jan. 11, after surging as much as 8.8 percent. Billionaire Murthy will be chairman of the Bangalore-based company for five years and replace Kundapur Vaman Kamath, according to a company statement.