Indian IT major Infosys is third most valued company
Q. Which Indian IT major has beaten private sector lender HDFC to become the third most valued Indian company?- Published on 05 Oct 15a. Wipro
b. Infosys
c. Cognizant
d. None of the above
ANSWER: Infosys
IT major Infosys has won the position of being the third most valued firm with regard to market valuation surpassing private sector lender HDFC Bank with TCS being Number 1 closely followed by RIL in the top 10 rankings. Combined market valuation of top 8 Sensex companies rose by INR 50,464.51 crore during 30th September to 4th October 2015. HDFC followed Infosys on ranking of 10 top firms. 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.
TCS emerged as the biggest gainer among the top 10 firms, with its valuation rising by Rs. 12,555.44 crore to Rs. 5,17,045.42 crore. Other companies in the top 10 include RIL, CIL, ITC, ONGC, Sun Pharma, and SBI
