Infosys slips out of top 10 most valuable firms as nearly ₹2 lakh crore market cap wiped out this year
Infosys, the country’s second-largest IT services exporter, has slipped out of India’s top 10 most valuable companies by market capitalisation. The decline follows a sharp correction in Infosys share price this year, resulting in an erosion of nearly ₹2 lakh crore in market value.
On April 29, Infosys shares were trading over 2% higher at around ₹1,175 apiece, taking its market capitalisation to approximately ₹4.76 lakh crore. At this level, the company ranked 11th among India’s most valuable firms.
