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There is insider trading in Infosys stock. And derivatives data shows it.

The Infosys stock fell 16% on October 22 after the whistleblower letter became public. But the action has shifted to the derivative market. A specific INR740 November put option has come under the scanner, where premium shot up from INR17 to INR130. ET Prime analyses data to check the insider-trading angle.
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29 Oct 2019 5 Mins Read 5 comments
Infosys CEO and managing director Salil Parekh (right) and CFO Nilanjan Roy BCCL
Infosys CEO and managing director Salil Parekh (right) and CFO Nilanjan Roy
Imagine a certain Gupta walking out of a board meeting and calling up a friend, who is a hedge fund manager. “Umm … there is a letter that was discussed in the board meeting today.… It casts aspersions on the way this software company is booking its revenues,” he says in a low-pitched voice. Then, almost whispering into the phone,
The brokerage says it is putting its call under review, as the current event remains an overhang on the stock price. “While we reiterate our ‘accumulate’ rating, we see a case of downward de-rating on the stock and expect the risk overhang to continue in the near to medium term,” says KRChoksey Institutional. ( Graphics by Sadhana Saxena)
Imagine a certain Gupta walking out of a board meeting and calling up a friend, who is a hedge fund manager. “Umm … there is a letter that was discussed in the board meeting today.… It casts aspersions on the way this software company is booking its revenues,” he says in a low-pitched voice. Then, almost whispering into the phone, The brokerage says it is putting its call under review, as the current event remains an overhang on the stock price. “While we reiterate our ‘accumulate’ rating, we see a case of downward de-rating on the stock and expect the risk overhang to continue in the near to medium term,” says KRChoksey Institutional. ( Graphics by Sadhana Saxena)

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