Infosys (NSE) 2989.50 -316.70 (-9.58%)

What a day in history - two key people who have managed to do what no one else can dream have decided to make way for the younger generation. K Dinesh and Mohandas Pai move on after having built a legacy. While the markets gave a thumbs down to the stock, its important to note that this move has more to do with internal emotions and very little to do with business.

When individuals of this nature are associated with a company which has managed to have a dream run delivering consistent growth year after year, its a proud feeling of achievement which ticks along. Next in line would be the founder NRN, who would retire by August '11. The business remains unaffected by such changes - my own experience validates the quote "Org is always greater than the individual". I personally believe IT is a mature business now and hence you can not expect a 100% YOY returns out of a stock like Infosys. Infosys would continue to deliver 15-20% growth YOY in line with FMCG businesses. As it enters the big league to compete with global majors like IBM and Accenture, its important to be logical and conservative in terms of return expectations out of a stock like Infosys. Enter the stock if the expectation is 10-15% returns and if the view is long term.