feel there are more sentiments there than facts - the hardcore fact is that Infy has been growing as an organization and doing pretty well financials. What you`re suggesting is that it might have had a better growth rate than what it`s currently able to achieve, however the fact remains that infy has been growing on a YOY basis. See it will continue to do so and given the ample amount of surplus cash, it`s a matter of time before they invest and reap the benefits of inorganic growth too
Every quarter, the value of the scrip declines soon after the results are announced. Gradually the price increases by 200- 250 rupees & by then it will be due for announcement of next quarterly results. This has been going on for quite sometime in the last couple of years. 2200 to 2 to 2650 has been the range. this figure is the cue for investors.