India's third-largest software company Wipro has recently observed a change in the management structure by quitting dual-CEO model. In last few months, the company has not seen growth as compared to its competitors. Azim Premji has appointed TK Kurein as the undisputed chief executive in replacement of Suresh Vaswani and Girish Paranjpe.

According to the sources Rishad Premji, 33 who had been appointed as the Wipro's new strategy chief last year, will be held responsible for company's M&A chase. He has to operate with Kurein. Rishad joined the company in 2007 and became general manager (treasury & investor relations) in 2009.

Due to the stepping down of the company joint CEOs, the share prices went down to Rs 444.35 from Rs 469.8 on January 24.

In the opinion of experts, new appointees take time to prove their abilities and during that period market tend to take a bearish view.

Mr. Mansingh Deshmukh, Head, Equity, JHP Securities believes that a company can be differentiated on the basis of its ability to communicate decisions properly. He also said when such structural changes convince the market men that such modification will not bring drastic changes, they react positively.

Market experts also hold a view that Good management can make or break the future potential of a company.

Mr. Rakesh Gandhi, Technical Analyst, LKP Securities said that aggressive traders in the stock market usually buy on positive rumors and sell on negative news.

Few experts said that it might be a possibility that people can give negative reactions on such changes in short term but finally convinced with the fundamental business models of the companies.