Infosys Stocks: Infosys shares included in the 5 lakh crore market cap club are seeing good gains today.
Infosys Stocks on Record High: Today, the shares of Infosys, which are included in the country’s second largest IT company and 5 lakh crore market cap club, are seeing good growth today. Infosys shares reached an all-time high of Rs 1248 today after gaining nearly 2 per cent. Infosys has been successful in getting a big deal from Germany’s Best Automotive Company Daimler AG. According to media reports, this deal can be of $ 325 million. After this news, sentiments on Infosys have strengthened today. Currently experts and brokerage houses are seeing strong growth ahead in Infosys and investors can get good returns from the current level too.
Join 5 lakh crore M-Cap club
IT company Infosys has been witnessing a good boom for the last few days and it has become the 5th company to join the 5 lakh crore market cap club on the last business day of last week. The total market cap of Infosys has reached Rs 5.24 lakh crore. Reliance Industries, TCS, HDFC Bank and HUL are ahead of Infosys in this matter. As of Tuesday, RIL had a market cap of Rs 12.47 lakh crore, TCS had a market cap of 10.85 lakh crore, HDFC Bank had a market cap of 7.56 lakh crore and HUL had a market cap of Rs 5.46 lakh crore.
145% faster than March low
Infosys shares have gained 145 per cent since the March low. During this period, the company’s stock has increased from Rs 509 to Rs 1248. At the same time, the stock has gained Rs 109 during the last one month.
Fastest increase in wealth in 25 years
According to the 25th Annual Wealth Creation Study Report of brokerage house Motilal Oswal, Infosys has increased the wealth of investors fastest in the last 25 years from 1995 to 2020. During this period, the company’s 25-year price CAGR has been 30 percent. At the same time, Infosys has been at number three in terms of increasing the maximum wealth.
Share will rise further
Brokerage houses are looking further ahead in Infosys shares. Brokerage house Anand Rathi believes that Infosys stock can touch Rs 1380 in the next few days. After the Daimler AG deal, brokerage house Macquarie has given an outperform rating for the stock. Also, the investment target is Rs 1410. The brokerage believes that this deal will be seen in the next quarters. The company has grown 45 per cent in new deals on an annual basis. At the same time, brokerage house Kotak Institution Equities has given a target of Rs 1400 while recommending the purchase for the stock.