Motilal Oswal - MOSL: Morning India (29/August/17)-1. Infosys (Steadfast peace with the arrival of Mr. Nandan Nilekani)2. Navneet Education3. Electrical Durables

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Motilal Oswal

Team Research

MOSL: Morning India (29/August/17)-1. Infosys (Steadfast peace with the arrival of Mr. Nandan Nilekani)2. Navneet Education3. Electrical Durables

â€‹MOrning India (29/August/17): 1. Infosys (Steadfast peace with the arrival of Mr. Nandan Nilekani); 2. Navneet Education; 3. Electrical Durables

Todayâ€™s top research theme

Infosys: Steadfast peace with the arrival of Mr. Nandan Nilekani

INFO saw several Board changes and the return of Mr Nandan Nilekani, thereby capping the risk of continued external noise, and thereby, further downside in the stock.

However, the company's fate now lies in decisions around the new CEO, which, along with the reconstitution of the Board, have become a priority. Although the initial steps have been rapid, the risk of business disruption continues to loom, the communication of which would be a crucial factor in determining the sustenance of the recent run-up in the stock.

We expect further re-rating in the stock to be a function of [1] search process and focus on business growth and [2] at least comparable performance to those setting the industry pace.

Piping hot news

Infosys founders will participate in Rs 13,000-crore share buyback

Infosys on Monday said some of its founders would participate in the company's share buyback, a disclosure that comes after Nandan Nilekani became chairman of the firm to stem the crisis that emerged after Vishal Sikka's exit as chief executive officer (CEO).

29/08/2017 22 EN

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MOSL: Morning India (29/August/17)-1. Infosys (Steadfast peace with the arrival of Mr. Nandan Nilekani)2. Navneet Education3. Electrical Durables

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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