Infosys Ltd has joined the elite club of companies with Rs 7-trillion market capitalization (m-cap) on the Bombay Stock Exchange after its share price hit a new high of Rs 1,646.40 in the intra-day deals.
The stock of the information technology (IT) consulting & services company has outperformed the market in the past two weeks by gaining 7 per cent after Infosys raised its revenue growth guidance for the financial year 2021-22 (FY22) buoyed by a robust deal pipeline. In comparison, the S&P BSE Sensex was up 1.5 per cent during the same period.
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With an m-cap of Rs 6.993 trillion, at 11:05 am, Infosys stood at number fourth position in the overall m-cap ranking, BSE data shows. Reliance Industries is at number one position with Rs 13.10 trillion m-cap, followed by Tata Consultancy Services (TCS) with Rs 12.11 trillion m-cap and HDFC Bank with an m-cap of Rs 7.88 trillion, data shows.
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