Infosys becomes 4th firm to touch $100-bn m-cap

Infosys on Tuesday became the fourth Indian company to touch a market valuation of $100 billion.

The IT services major has joined the league of TCS, Reliance Industries and HDFC Bank for crossing the $100 billion-mark in terms of market capitalisation (m-cap).

The milestone was achieved during the morning trade when the scrip was trading at its 52-week high value of ~1,755.6 on the BSE, which took the m-cap to ~7. 47 trillion or $100.78 billion. However, during the close of the trading session, it pared the earlier gains and settled 1.06 per cent lower at ~1,720.75.

On the National Stock Exchange (NSE), the shares had opened at ~1,750 apiece and then jumped to its 52-week high value of ~1,757. It closed the counter at ~1,721.5, lower 0.99 per cent as compared with the previous close. According to the latest m-cap data, RIL is the most-valued firm at ~13.7 trillion, followed by Tata Consultancy Services (TCS) at ~13.4 trillion and HDFC Bank at ~8.42 trillion.