Infosys Ltd became the fourth Indian firm to reach a market capitalization (m-cap) of US$ 100 billion on Tuesday. The IT services company has joined the likes of TCS, Reliance Industries, and HDFC Bank in surpassing the US$ 100 billion market value threshold.
The milestone was reached during morning session on the BSE, when the stock hit a 52-week high of Rs. 1,755.6 (US$ 23.67), bringing the market capitalization to Rs. 74.77 lakh crore (US$ 100.78 billion).
However, it gave up its early gains at the conclusion of the trading session, closing 1.06% down at Rs 1,720.75 (US$ 23.20).
The shares on the National Stock Exchange (NSE) started at Rs. 1,750 (US$ 23.59) apiece before surging to a 52-week high of Rs. 1,757 (US$ 23.69).
It finished the counter at Rs 1,721.5 (US$ 23.21), lower 0.99% as compared with the previous closing.
During the trading session, 2.27 lakh shares were exchanged on the BSE and 76.02 lakh scrips were traded on the NSE in terms of traded volume.
Reliance Industries is the most valuable company, valued at Rs. 13.7 lakh crore (US$ 184.69 billion), followed by Tata Consultancy Services (TCS) at Rs. 13.44 lakh crore (US$ 181.18 billion) and HDFC Bank at Rs. 8.42 lakh crore (US$ 113.51 billion), according to the latest m-cap statistics.
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