rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Infosys becomes second most influential stock, pips RIL

Infosys becomes second most influential stock, pips RIL

October 14, 2013 21:07 IST

Infosys on Monday overtook Reliance Industries to become the second most influential stock on BSE benchmark Sensex after its shares surged by 1.52 per cent.

At close today, Infosys commanded 9.15 per cent weight on the 30-share Sensex, while RIL had 8.72 per cent weight.

Shares of Infosys ended 1.52 per cent higher at Rs 3,323.50 apiece, while RIL was up 0.84 per cent at Rs 870.25.

Diversified group ITC Ltd continues to have the biggest weight of 10.62 per cent on the Sensex.

Weight of a stock is measured by the value of a company's free-float or non-promoter shares that can be freely traded in the market.

Infosys counter rallied by more than six per cent in the past three trading sessions. The stock had touched its 52-week high of Rs 3,360 on October 11 after the IT giant had posted strong quarterly earning and also revised its US dollar revenue guidance upwards to 9-10 per cent for the 2013-14 fiscal.

Among others in the top five, software major TCS's weight stood at 7.34 per cent and private sector lender HDFC Bank's at 7.20 per cent.

In terms of market capitalisation, TCS is the most valued company with a valuation of Rs 4,33,455 crore, followed by RIL (Rs 2,81,146 crore), ITC (Rs 2,68,883 crore), ONGC (Rs 2,35,575 crore) and Infosys (Rs 1,90,847 crore). 

© Copyright 2014 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.