InvestorQ : What has been driving the market price of Infosys sharply higher in last few months?
Rashi Mehra made post

What has been driving the market price of Infosys sharply higher in last few months?

Answer
image
Archita Jajjoo answered.
4 weeks ago
Follow

While Infosys may still be some way away from TCS, its market cap crossed the Rs.600,000 crore for the first time on 05 April in a tough market. Infosys has consistently outperformed the Sensex in the last one year growing market value by 120% as compared to 65% returns on the Sensex. Infosys is now the fourth most valuable company in India.

Under the new leadership of Salil Parekh, Infosys focused more on large deals and execution as well as on improving operating margins to close to TCS levels. That has worked well after the tumult of the previous leadership of Vishal Sikka. The focus on digital technologies has paid rich dividends and markets are delighted. Infosys will announce Q4 results on 14 April.

3 Views