Shares of Infosys on Wednesday bounced back, rising over 1 per cent, after a massive selloff in the previous session on concerns over a whistleblower complaint against the company’s top executives.
The scrip gained 1.28 per cent to ₹651.55 on the BSE. On the NSE, it rose by 1.26 per cent to ₹651.70.
Shares of Infosys on Tuesday plummeted nearly 17 per cent marking their worst intra-day fall in over six years, wiping ₹53,451 crore from its market valuation.
A complaint by a group that calls itself “ethical employees” of Infosys has alleged CEO Salil Parekh and CFO Nilanjan Roy were indulging in “unethical practices” to boost short-term revenue and profits.
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The IT services giant on Tuesday said it is investigating the anonymous whistleblowers’ claims.