New Document top_band
 
Business Standard

Infosys topples RIL as most influential stock

Read more on:    Infosys | Ril | Sensex | Influential Stock
Related News

IT major today toppled Reliance Industries Ltd () as 's most influential scrip for the second time in less than two weeks.

Measured in terms of its weightage on the key index of Indian stock market, the Sensex, RIL had been consistently enjoying its position as the most for many years till early December 2011.

RIL had slipped below Infosys on many occasions for brief periods during December 2011, but has remained on the top since the beginning of this year.

At the end of today's trade, RIL again slipped to the second position after Infosys in terms of Sensex weightage, which is measured by the value of a company's free-float or non-promoter shares that can be freely traded in the market.

By the end of today's trade, Infosys was the top-weight Sensex stock with a weightage of 9.55%, as against RIL's 9.39%.

The weightage of a stock changes daily as per the change in the market value of their shares.

RIL, however, remains bigger than Infosys in terms of the overall market value, including the value of promoter shares.

The total market value of RIL stood at Rs 2.47 lakh crore as on today, as against Infosys' Rs 1.63 lakh crore.

RIL is the country's most valued firm, followed by ONGC, TCS, Coal India and ITC in the top-five club.

Read more on:   
|
|
|

Read More

IABF to close $120-mn fund this year

India Agri Business Fund (IABF), a $120- million equity fund instituted in 2008 for which Rabo Equity Advisors is an investment advisor, is planning ...

Quick Links

 

Market News

Foreign investors raise India bets

However, investor limits a problem for them; sector rotation away from defensives could be hit by limited room in cyclicals

Bank Nifty is a possibility on SGX if there is investor interest: Magnus Böcker & M Ramaswami

Interview with CEO and President of Singapore Exchange

Jain Irrigation: Happy days are here again

Higher govt allocation to its market is a positive; efforts to enhance cash flow and lower debt levels are paying dividends

Want to earn above Rs 1 crore a year?

The number of mutual fund distributors who did so was 45 in FY14, double the number two years earlier

Stock futures gain currency in market rebound

Now account for a fifth of total derivatives market

Back to Top