InvestorQ : Why did the Infosys stock correct sharply on 02 June?
Dhwani Mehta made post

Why did the Infosys stock correct sharply on 02 June?

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Dilmini Mercia answered.
2 weeks ago
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It looks like corporate governance issues are back to haunt Infosys. This correction in the stock price came after two of its employees were barred from the securities market by SEBI for indulging in insider trading. Ostensibly, both these internal officials passed on unpublished price sensitive information or UPSI to select investors to help profit via trading.

Apart from these 2 employees of Infosys, 6 other capital market entities were also barred by SEBI in this case. Infosys has promised to immediately initiate an internal investigation into the insider trading matter. The correction is more because issues of corporate governance and ethics are once again coming up.

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