Infosys surges on founder Murthy's return as chairman

MUMBAI (Reuters) - Shares of Infosys Ltd rose as much as 8.84 percent in early trade on Monday on bets the return of founder and former chairman N.R. Narayana Murthy as executive chairman would improve the IT services outlook.

The return of Murthy, which was announced on Saturday, comes after Infosys has grappled with disappointing results and loss of market share.

At 12:44 p.m., the stock was trading 4.4 percent higher at 2517.95 rupees.

(Reporting by Rafael Nam; Editing by Prateek Chatterjee)