Reuters logo
Infosys market cap jumps by $4 billion, more than Fiji GDP
January 11, 2013 / 12:16 PM / 5 years ago

Infosys market cap jumps by $4 billion, more than Fiji GDP

An Infosys logo is pictured on one of the company's office buildings at their IT campus at Electronics City in Bangalore, February 28, 2012. REUTERS/Vivek Prakash/Files

Reuters Market Eye - Shares in Infosys(INFY.NS) closed up 16.8 percent on Friday after stellar third-quarter results and an unexpected rise in its fiscal year revenue estimate, adding $4.07 billion to its market capitalization, more than the GDP of Fiji.

Infosys’ 16.8 percent jump almost single-handedly kept the Sensex in the black, with 26 of its 30 components closing lower, including index heavyweights Reliance Industries and tobacco major ITC.

Fiji’s gross domestic product stood at $3.81 billion in 2011, according to the most recent data available from the World Bank.

Reporting by Henry Foy

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below