Live
- Pandian vows to quit politics if Naveen not re-elected CM
- PM Modi uses Hyderabad lingo, takes jibe at AIMIM
- Accompanied by EAM Jaishankar, diplomat-turned-politician Sandhu files nomination from Amritsar
- Scientists decode early metabolic changes that lead to autism
- Three dead as bus falls into river in Russia's St Petersburg
- I am ready to debate with PM Modi, but he will not do so: Rahul Gandhi
- Senthilkumar, Rathika to lead Indian squads at 22nd Asian Team Squash Championships
- Maharashtra: FIRs against state BJP chief Bawankule & LoP Wadettiwar for MCC violation
- In Telangana, PM Modi gives autograph on photo of girl who sang a song on him
- Petr Kratky extends his stay with Mumbai City FC till end of ISL 2024-25 season
Infosys becomes fourth Indian firm to hit Rs 8 trillion market cap
Infosys becomes fourth Indian firm to hit Rs 8 trillion market cap
IT Giant Infosys on Friday, December 24, 2021, became the fourth Indian company to hit the Rs 8 trillion (Rs 8 lakh crore) market capitalization mark.
IT Giant Infosys on Friday, December 24, 2021, became the fourth Indian company to hit the Rs 8 trillion (Rs 8 lakh crore) market capitalization mark. It hit the market capitalization to Rs 8 trillion after its shares touched an all-time high of Rs 1,913 per share in the intraday trade on BSE today.
The other three companies that have achieved this milestone in market capitalization in the past are Reliance Industries Ltd (RIL), Tata Consultancy Services (TCS) and HDFC Bank.
Infosys today surpassed its previous high of Rs 1,860 per share recorded on December 23, 2021.
Shares of the Bengaluru-based IT major today closed at 1,863.65 per share, up 0.37 per cent from the previous close of 1,856.80.
The shares of Infosys has outperformed the market by a wide gap, advancing 8.63 per cent between December 1, 2021, and December 24, 2021. It closed at Rs 1,715.50 per share on December 1, 2021. On a year-on-year basis, the IT stock has surged over 52 per cent.
The company is set to announce its December quarter results of this financial year (Q3FY22) on January 12, 2022. In the last quarter, the company increased its FY2022 revenue guidance to 14-16 per cent on a constant currency basis from 12-14 per cent announced earlier. The firm maintained its operating margins guidance at 22-24 per cent.
