Business & Finance

Infosys places itself at 3rd position as the most valued company in market value

October 5, 2015

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IT giant in the country, Infosys topples over the private sector lender HDFC Bank, and places itself as the third most valued firms in terms of market valuation. In the list of top 10 companies chart, where TCS is leading and Reliance industries occupies 2^nd position, Infosys land up at 3rd place. Last week, a rally in the stock market shows the total valuation of top eight Sensex companies, making a combined market valuation 0f Rs 50,464.51 crore.

HDFC bank which is playing well in this rally came behind Infosys, which marks tremendous win for Infosys.

At the end of the week, Infosys commanded a market valuation of Rs 2,69,489.03 crore. This was Rs 432.68 crore more than HDFC Bank’s m-cap of Rs 2,69,056.35 crore.

Infosys Technologies Chairman N. R. Narayana Murthy speaks at a function organized to deploy Central Industrial Security Force (CISF) at Infosys Technologies headquarters in Bangalore, India, Friday, July 31, 2009. With 101 CISF personnel inducted at its facility, India's software major Infosys is the first corporate house to get the cover of the central force, which usually guards only government installations. CISF was mandated to protect the private companies with an amendment in the CISF Act in Jan. 2009 after last year's terror attacks in Mumbai. (AP Photo/Aijaz Rahi) — Infosys Technologies Chairman N. R. Narayana Murthy speaks at a function organized to deploy Central Industrial Security Force (CISF) at Infosys Technologies headquarters in Bangalore, India, Friday, July 31, 2009. With 101 CISF personnel inducted at its facility, India’s software major Infosys is the first corporate house to get the cover of the central force, which usually guards only government installations. CISF was mandated to protect the private companies with an amendment in the CISF Act in Jan. 2009 after last year’s terror attacks in Mumbai. (AP Photo/Aijaz Rahi)

During the past week, the market valuation of Infosys surged by Rs 7,315.77 crore to Rs 2,69,489.03 crore and HDFC Bank added Rs 4,570.52 crore to Rs 2,69,056.35 crore.

It was quite astonishing to see the rising share of Infosys which glided to Rs 1,197 a piece on Thursday.

TCS the top giant in this race, seems to be occupying the highest monetary value wih its valuation boiled up Rs 12,555.44 crore to Rs 5,17,045.42 crore.
The M-Cap of RIL zoomed by Rs 7,901.76 crore to Rs 2,79,249.60 crore and CIL added Rs 6,063.71 crore to its market value, taking its market capitalisation to Rs 2,07,303.08 crore.

TCS continued to rule the top ten list, followed by RIL, Infosys, HDFC Bank, ITC, Sun Pharma, CIL, ONGC, HDFC and SBI.

Two companies that suffered losses in their M-Cap during the week were State Bank of India (SBI) and Sun Pharma.

The Sensex acquired 1.38 per cent to settle at 26,220.95 for the week.

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