Infosys hits ₹5 trillion in market cap

MUMBAI: Infosys Ltd on Thursday became the fifth Indian firm to cross ₹5 trillion in market capitalisation, with the stock having rallied nearly 61% so far this year. It is the second IT firm in the country to have achieved the milestone.

The stock touched a fresh record high of ₹1,185 apiece on the BSE today, up 4.3% from its previous close, pushing its market cap to ₹5.04 trillion following the company’s better-than-expected September quarter earnings.

Infosys also raised its annual revenue growth forecast on continued strength in digital services operations.

Currently, Reliance Industries is India’s most-valued firm with market capitalisation of ₹15.43 trillion, followed by TCS and HDFC Bank at ₹10.42 trillion and ₹6.62 trillion, respectively.