Home Top Stories Infosys Hits Record High, Market Capitalisation Tops Rs 7.45 Lakh Crore $100...

Infosys Hits Record High, Market Capitalisation Tops Rs 7.45 Lakh Crore $100 Billion

Infosys Hits Record High, Market Capitalisation Tops $100 Billion

Infosys shares rose nearly 1 per cent to hit record high of Rs 1,755.60.

Shares of the country’s second largest information technology company, Infosys, rose nearly 1 per cent to hit record high of Rs 1,755.60 on the BSE. With today’s rise in Infosys’ share price the market capitalisation of the Bengaluru-based IT company crossed Rs 7.45 lakh crore ($100 billion). Infosys became India’s fourth company to enter $100 billion club after Reliance Industries, Tata Consultancy Services and HDFC Bank, data from stock exchanges showed.

Infosys shares have so far this year rallied 40 per cent, massively outperforming the Sensex which has advanced 16.6 per cent.

Information technology shares have been witnessing steady buying interest from investors as rising demand for digitalisation and transformation to cloud computing in the wake of work from home concept amid COVID-19 pandemic has spurred business for IT companies, analysts said.

The measure of IT shares on the National Stock Exchange, Nifty IT index, has jumped 41.28 per cent leading the rally in world-beating stock market rally in Indian equity markets.

Last month, Infosys revised its revenue guidance on the upside to 14-16 per cent for the current financial year while it maintained its margin guidance at 22-24 per cent.

Its revenue in constant currency terms rose 42 per cent while revenue from its digital business advanced 53.9 per cent. Infosys net profit in June quarter rose 23 per cent annually to Rs 5,195 crore.

As of 11:08 am, Infosys shares traded 0.02 per cent higher at Rs 1,739.55.

Source link


WHO Chief On India Vaccine Export Move

<!-- -->India donated or sold 6.6 crore doses to nearly 100 countries before the export halt (File)New Delhi: Union Health Minister Mansukh Mandaviya...


Please enter your comment!
Please enter your name here

Most Popular

Sonam Kapoor in bright red dress proves exaggerated sleeves can elevate a look instantly | Fashion Trends

Bollywood actor Sonam Kapoor Ahuja is one of the few celebrities in the film industry who know how to carry exaggerated style statements....

BBC Reporter Gets Pulled Over By Her Guide Dog During Live Telecast

<!-- -->Carol Kirkwood with Flash, the dog.Live television can give us unexpected funny moments, and that's just happened with BBC journalist Carol Kirkwood....

IPL 2021, DC vs SRH, Delhi Capitals vs SunRisers Hyderabad: When And Where To Watch, Live Telecast, Live Streaming

Delhi Capitals will resume their IPL 2021 campaign vs SunRisers Hyderabad.© InstagramDelhi Capitals (DC) face SunRisers Hyderabad (SRH) in Match 33 of the...

Samsung Galaxy F42 5G Likely to Launch in September, Sale to Begin in October via Flipkart: Report

Samsung Galaxy F42 5G is likely to launch by the end of this month and go on sale next month, says a...

Recent Comments