Oct 18, 2013, 08.58 PM IST
Narayana Murthy, executive chairman, Infosys slammed the Central Bureau of Investigation (CBI) today for leveling charges against Birla. He said, "a detailed, highly diligent and complete set of facts is not likely to move well in the eyes of investors from abroad as well as the Indian businesses.
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Birla highly respected; be 100% sure prior accusing: Murthy
Narayana Murthy, executive chairman, Infosys slammed the Central Bureau of Investigation (CBI) today for leveling charges against Birla. He said, "a detailed, highly diligent and complete set of facts is not likely to move well in the eyes of investors from abroad as well as the Indian businesses.
Like this story, share it with millions of investors on M3
Birla highly respected; be 100% sure prior accusing: Murthy
Narayana Murthy, executive chairman, Infosys slammed the Central Bureau of Investigation (CBI) today for leveling charges against Birla. He said, "a detailed, highly diligent and complete set of facts is not likely to move well in the eyes of investors from abroad as well as the Indian businesses.
Also read: Hindalco has done no wrong; nothing to worry about: Birla
Narayana Murthy, executive chairman, Infosys slammed the Central Bureau of Investigation (CBI) today for levelling charges against Birla. He said, "a detailed, highly diligent and complete set of facts is not likely to move well in the eyes of investors from abroad as well as the Indian businesses.
Voicing his concern, Murthy further added, "It is very, very important for the authorities to be 100% certain about their facts and data before making an accusation against such an icon."
The CBI on Wednesday named Birla and former coal secretary PC Parakh in its fourteenth FIR in the coal block allocation scam. The agency has accused Birla of cheating, alleging that he was shown undue favour in a coal block being allotted to Hindalco in 2005.
On October 18, 2013, Infosys closed at Rs 3316.15, up Rs 46.05, or 1.41 percent. The 52-week high of the share was Rs 3360.00 and the 52-week low was Rs 2190.00.
The company's trailing 12-month (TTM) EPS was at Rs 159.27 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 20.82. The latest book value of the company is Rs 627.95 per share. At current value, the price-to-book value of the company was 5.28.
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