Infosys shares at record high: M-cap valued at 6 trillion

Infosys one of the global leaders in next-generation Digital Services and Consulting saw its market value go past the 6-trillion marks on Monday. Shares of the Bengaluru-based firm finished at a record high of 1,140, esteeming the company at 600,817 crores. Infosys’ shares have outpaced the yardstick Sensex both on a year-to-date (YTD) and one-year basis, with a gain of 12.3 percent and 2.2 times, respectively. In contrast, the Sensex is up 2.7 percent and 63.5 percent on YTD and one-year basis.

Investors have curved brawny on the stock on optimism that the company will acquire large deals as demand for digital services is expected to grow in the post-pandemic world.

Currently, Infosys is the fourth-most valuable company in India behind Reliance Industries, Tata Consultancy Services (TCS), and HDFC Bank. Its market value is more than that of Hindustan Unilever and Housing Development Finance Corporation.

Infosys is set to announce the results for the fourth quarter and year ended March 31, 2021, on April 14. For the March quarter, the company had reported a consolidated net profit of 5,197 crores, up 16.6 percent over the same quarter of the previous year.