Owing to the recent fall in its share prices, Infosys has slipped out of the BSE top 10 m-cap list. This top 10 m-cap list features the country’s most valued companies. The share prices of Infosys headed for a deep dive after the company’s CEO VIshal Sikka announced his resignation. Sikka’s move to resign had taken everyone by surprise and it also showed on the stock markets. The share prices of Infosys have been continuously declining and today it hit a new low, resulting in loss of valuation. At the end of today’s trading, the market capitalization of Infosys was Rs 2,01,478.46 crore on the BSE. With this valuation, Infosys is now ranked 11th in the list of companies having the largest market capitalization.
On the NSE, the market capitalization of Infosys is currently Rs 2,01,074.54 crore. Here too, Infosys stands at 11th spot in market capitalization. It may be recalled that share prices of Infosys have been consistently falling. On Friday, the Infosys’ scrip fell 10 percent. Yesterday, it fell another 5 percent. Yesterday’s fall occurred even when the company has announced its share buyback plan. In two days, the company’s market capitalization has reduced by Rs 33,911.93 crore. The number 1 company in terms of market capitalization is Reliance Industries Limited (RIL) with a valuation of Rs 5,08,385.98 crore. It is followed by TCS (Rs 4,77,815.75 crore), and HDFC Bank (Rs 4,50,753.02 crore).