SEBI close watch on Infosys Stocks

Mumbai August 23: A statement was made yesterday.SEBI Chairman Ajay Tyagi yesterday has said that "Market regulator is keeping a close watch on Infosys share prices after a surge in volatility."

Recently the global software company had witnessed an Internal Rift and its former MD and CEO Vishal Sikka had resigned from top Post".His decision has shaken the entire corporate world and cracks within the company started to deepen.The Company shares dropped by 15 % in last two days and Investors Wealth of Rs 34000 crore has been wiped out from the market.

Sources say that market regulators keep a close watch on some specified stocks when there is a huge price volatility in the market.
The regulator has also said that we are carefully watching the investigation of US Agencies on the company in America and we will take next step when the details are revealed.

Experts say that Investors have not favored the company's decision to BuyBack the shares as announced by the Board on Saturday and it has not helped the company to recover the losses in stock Market.