In the week ending October 2, IT major Infosys share price had surged and it managed to surpass private sector lender HDFC Bank, becoming the third most valued firm in terms of market valuation, with TCS leading the top 10 companies chart, followed by Reliance Industries (RIL).
Courtesy the Infosys share price rise, HDFC Bank market capitalisation moved downward in the ranking.
At the end of the week, Infosys commanded a market valuation of Rs 2,69,489.03 crore. This was Rs 432.68 crore more than HDFC Bank’s m-cap of Rs 2,69,056.35 crore.
During the past week, the market valuation of Infosys surged by Rs 7,315.77 crore to Rs 2,69,489.03 crore and HDFC Bank added Rs 4,570.52 crore to Rs 2,69,056.35 crore.
Shares of Infosys touched its one-year high level of Rs 1,197 apiece on Thursday.
TCS emerged as the biggest gainer among the top 10 firms, with its valuation soaring by Rs 12,555.44 crore to Rs 5,17,045.42 crore.
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