Infosys becomes 4th Indian company to touch $100 bn market capitalization
By Administrator_ India
Infosys on Tuesday became the fourth Indian company to touch a market valuation of $100 billion.
The IT services major has joined the league of TCS, Reliance Industries, and HDFC Bank for crossing the $100 billion mark in terms of market capitalization.
The milestone was achieved during the morning trade when the scrip was trading at its 52-week high value of Rs 1,755.6 on the BSE, which took them-cap to Rs 7. 47 trillion or $100.78 billion. However, during the close of the trading session, it pared the earlier gains and settled 1.06 percent lower at Rs 1,720.75.
On the NSE, the shares had opened at Rs 1,750 apiece and then jumped to their 52-week high value of Rs 1,757. It closed the counter at Rs 1,721.5, a lower 0.99 percent as compared with the previous close. According to the latest m-cap data, RIL is the most-valued firm at Rs 13.7 trillion, followed by Tata Consultancy Services at Rs 13.4 trillion and HDFC Bank at Rs 8.42 trillion.