Shareholders quiz Infosys on AI hit as stock nears six-year low
New Delhi, June 23 -- At least half of Infosys Ltd's 22 shareholders virtually present at its 45th annual general meeting (AGM) on Tuesday quizzed the management on the company's declining share prices and the threats posed by automation tools.
Shares of India's second largest information technology service provider fell 3.4% on Tuesday, approaching a six-year low, despite the management sharing opportunities presented by the technology.
"Do you know why it (share price) is falling? Because we are not investing in future, and so foreign investors are dumping our shares," said Om Prakash Kejriwal, a shareholder from Kolkata, during the Q&A session with the management.
The management declined to comment on the share prices, but said the ...
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