You are here: Home » Companies » News
Business Standard

Infosys m-cap tops Rs 6 trillion, shares end at record high of Rs 1,140

Infosys' shares have outperformed Sensex both on YTD and one-year basis, with a gain of 12.3% and 2.2x, respectively. In comparison, Sensex is up 2.7% and 63.5% on YTD and one-year basis

Topics
Infosys  | market cap | market capitalisation

BS Reporter  |  Mumbai 

infosys

Software exporter saw its market value go past the Rs 6-trillion mark on Monday. Shares of the Bengaluru-based firm finished at a record high of Rs 1,140, valuing the company at Rs 600,817 crore. Infosys’ shares have outperformed the benchmark Sensex both on a year-to-date (YTD) and one-year basis, with a gain of 12.3 per cent and 2.2 times, respectively. In comparison, the Sensex is up 2.7 per cent and 63.5 per cent on YTD and one-year basis.

Investors have turned bullish on the stock on optimism that the company will bag large deals as demand for digital services is expected to grow in the post-pandemic world.

chart
currently is the fourth-most valuable company in India behind Reliance Industries, Tata Consultancy Services and HDFC Bank. It’s market value is more than that of Hindustan Unilever and Housing Development Finance Corp.

The company is set to announce the results for the fourth quarter and year ended March 31, 2021 on April 14. For the March quarter, had reported consolidated net profit of Rs 5,197 crore, up 16.6 per cent over the same quarter of the previous year.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, April 05 2021. 16:34 IST
RECOMMENDED FOR YOU
.