Infosys m-cap surpasses Rs 7 trillion-mark as stock hits new high

Infosys on Tuesday joined the elite club of companies with Rs 7-trillion market capitalization (m-cap) on the BSE after its share price hit a new high of Rs 1,646.40 in the intra-day deals.

The stock of the information technology (IT) consulting & services company has outperformed the market in the past two weeks, by gaining 7 per cent, after Infosys raised its revenue growth guidance for financial year 2021-22 (FY22) buoyed by a robust deal pipeline. In comparison, the S&P BSE Sensex was up 1.5 per cent during the same period.

With an m-cap of Rs 6.993 trillion, at 11:05 am, Infosys stood at number fourth position in the overall m-cap ranking, BSE data shows.