Salil Parekh

Image Source: Infosys

Will Infosys stock soar after clean chit for Salil Parekh?

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.

Source: Livemint