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Bharti Airtel spurts 1.4% on BSE

Bharti Airtel was the top gainer on the BSE in morning trade on Thursday. At 11.05 am it held gains of 1.39 per cent to trade at 346.50. The stock had closed the previous session at 341.75.

Tata Power charged up 1.08 per cent to quote at 103.40 as against its previous close of 102.30.

HDFC traded up 0.90 per cent at 910.90. The stock had finished last evening’s session at 902.75.

M&M drove up 0.77 per cent to quote at 1,171.25. The stock had ended the previous session at 1,162.35.

GAIL (India) sailed up 0.71 per cent at 374.30 as against 371.65 at close on Wednesday.

Infosys drops 7%; focus once again on high attrition rate

The Infosys stock has nosedived, falling more than seven per cent in trade so far, and expectedly so, given the resignation of yet another high-profile senior management personnel and board member - BG Srinivas.

          With the recovery of cyclical stocks, the IT pack has already been an underperformer over the past six months. Infosys is further challenged by a slower-than-industry growth rate for three years now.

The attrition rates for the company, at more than 18 per cent, is among the highest in the industry.

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