Infosys @ Latest News: Infosys goes past TCS in market cap

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Tuesday, May 10, 2005

Infosys goes past TCS in market cap

Infosys has vaulted past Tata Consultancy Services as India's most valuable IT services company with a market capitalisation of Rs 56,740 crore (Rs 567.40 billion) as of May 9, 2005.

On the Bombay Stock Exchange, Infosys shares surged by as much as 3.74 per cent to close the day at Rs 2,096.85 per share. TCS shares on the BSE moved in a narrow band to close at Rs 1,172.40 per share rising by 0.46 per cent. The TCS market cap on the BSE stands at Rs 56,286.92 crore (Rs 562.869 billion).

Now Infosys is India's fourth largest company in terms of market cap behind ONGC, Reliance and NTPC.