{"id":92,"date":"2005-12-24T12:55:24","date_gmt":"2005-12-24T07:25:24","guid":{"rendered":"http:\/\/chiragmehta.info\/chirag\/2005\/12\/24\/indias-infosys-beats-tata-for-top-spot-in-market-cap-stakes\/"},"modified":"2005-12-24T12:55:24","modified_gmt":"2005-12-24T07:25:24","slug":"indias-infosys-beats-tata-for-top-spot-in-market-cap-stakes","status":"publish","type":"post","link":"https:\/\/www.chiragmehta.info\/chirag\/2005\/12\/24\/indias-infosys-beats-tata-for-top-spot-in-market-cap-stakes\/","title":{"rendered":"India&#8217;s Infosys Beats Tata For Top Spot In Market Cap Stakes"},"content":{"rendered":"<p><strong>NEW DELHI, Dec 23 Asia Pulse <\/strong>&#8211; Software giant Infosys (BSE:500179) on Thursday once again toppled Tata Consultancy Services (NSI:TCS) (TCS) from the top spot among Indian IT companies in terms of market capitalisation.<\/p>\n<p>Though stock markets closed on a firm note after witnessing choppy trade, buying was seen in heavyweights stocks from the IT sectors.  <\/p>\n<p>Taking advantage of favourable conditions prevailing in the bourses, Infosys moved ahead of TCS with a market capitalisation of Rs 811.72 billion (US$17.9 billion) compared to Tata group entity&#8217;s Rs 808.32 billion.<\/p>\n<p>Infosys now occupies the fourth position in terms of overall market capitalisation after <strong>Oil and Natural Gas Company (NSI:ONGC), Reliance Industries (NSI:RELIANC) and National Thermal Power Corporation (NSI:NTPC) in that order.<\/strong>Share price of <strong>Infosys <\/strong>gained 0.34 per cent to end at Rs 2,982.75 while <strong>TCS <\/strong>bucked the trend in the market losing 0.15 per cent to end the day at Rs 1,750.85.<\/p>\n<p>Barring TCS and Patni Computer (BSE:532517), all the top IT companies ended in positive territory at the close of trading hours on the BSE and NSE.<\/p>\n<p><em>TCS lost ground on profit taking after recent sharp surge in the stock which had pushed up on December 14<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI, Dec 23 Asia Pulse &#8211; Software giant Infosys (BSE:500179) on Thursday once again toppled Tata Consultancy Services (NSI:TCS) (TCS) from the top spot among Indian IT companies in terms of market capitalisation. Though stock markets closed on a firm note after witnessing choppy trade, buying was seen in heavyweights stocks from the IT [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[3],"class_list":["post-92","post","type-post","status-publish","format-standard","hentry","tag-internet","post-preview"],"_links":{"self":[{"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/posts\/92","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/comments?post=92"}],"version-history":[{"count":0,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/posts\/92\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/media?parent=92"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/categories?post=92"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/tags?post=92"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}